ADA Volatility Analysis for PPI, 13th August 2024

Data Analysis

The data released by Bureau of Labor Statistics for Producer Price Index on 13th August, 2024 has come in at a decrease to 0.0% for July 2024. Compared to the previous release for June 2024 at 0.4%, we can see that prices & inflation is still increasing but slowed month over month.

To see the impact and volatility of ADA's price during the PPI release, we will first observe the difference in volume and price changes on the 4-hours chart, followed by the 15-minutes chart. Change in prices will be be determined by the high and low prices instead of the opening and closing prices.

4-Hours Chart Analysis

In the period prior to the release, the trading volume was 7.884M ADA with prices swinging between 0.3306 and 0.3356, representing a swing of 1.49%. Subsequently, the trading volume remain relatively unchanged at 8.189M ADA. Price action ranged from a low of 0.3339 to a high of 0.3392, a difference of 1.56%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 277,383 ADA in trading volume was observed prior to the data release. Prices ranged between a low of 0.3335 to a high of 0.3349, a 0.42% change. Immediately following, trading volume increased significantly by 349% to 1.246M ADA. At this time, Cardano hit a low of 0.3339 with a high of 0.3367, a significant change of 0.83%.

About Producer Price Index

The Producer Price Index (PPI) measures the average change over time in the prices domestic producers receive for their output. It is a measure of inflation at the wholesale level that is compiled from thousands of indexes measuring producer prices by industry and product category. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.

ADA-USDT

Cardano

Open

0.3396

0.3388

24h Change

-0.0008 (-0.24%)

24h High

0.3451

24h Low

0.3306

24h Volume

46.094M ADA

US Producer Price Index

Bureau of Labor Statistics

13th August, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.3338	0.3342	0.3338	0.3341	0.09%	0.12%	5,580 ADA
During	0.3342	0.3367	0.3342	0.3356	0.42%	0.74%	544,525 ADA

5 Minutes
Before	0.3338	0.3342	0.3337	0.3341	0.09%	0.15%	52,196 ADA
During	0.3342	0.3367	0.3339	0.3353	0.33%	0.83%	774,992 ADA

10 Minutes
Before	0.3345	0.3346	0.3335	0.3341	-0.12%	0.33%	187,049 ADA
During	0.3342	0.3367	0.3339	0.3358	0.48%	0.83%	1.022M ADA

15 Minutes
Before	0.3345	0.3349	0.3335	0.3341	-0.12%	0.42%	277,383 ADA
During	0.3342	0.3367	0.3339	0.3346	0.12%	0.83%	1.246M ADA

30 Minutes
Before	0.3337	0.335	0.3335	0.3341	0.12%	0.45%	817,360 ADA
During	0.3342	0.3368	0.3339	0.3364	0.65%	0.86%	1.582M ADA

1 Hour
Before	0.333	0.335	0.3326	0.3341	0.33%	0.72%	1.2M ADA
During	0.3342	0.3377	0.3339	0.335	0.24%	1.13%	2.669M ADA

2 Hours
Before	0.3329	0.335	0.3324	0.3341	0.36%	0.78%	3.613M ADA
During	0.3342	0.3383	0.3339	0.3364	0.65%	1.30%	4.283M ADA

4 Hours
Before	0.3351	0.3356	0.3306	0.3341	-0.30%	1.49%	7.884M ADA
During	0.3342	0.3392	0.3339	0.338	1.12%	1.56%	8.189M ADA

6 Hours
Before	0.3371	0.3394	0.3306	0.3341	-0.90%	2.59%	10.087M ADA
During	0.3342	0.3451	0.3339	0.342	2.28%	3.25%	16.912M ADA

8 Hours
Before	0.3396	0.341	0.3336	0.3351	-1.34%	2.17%	11.414M ADA
During	0.3351	0.3392	0.3306	0.338	0.86%	2.54%	16.074M ADA

12 Hours
Before	0.3396	0.341	0.3306	0.3341	-1.65%	3.05%	19.299M ADA
During	0.3342	0.3451	0.3339	0.3388	1.36%	3.25%	26.796M ADA