ADA Volatility Analysis for PPI, 16th February 2023

Data Analysis

The data released by Bureau of Labor Statistics for Producer Price Index on 16th February, 2023 has come in at an increase to 0.4% for January 2023. Compared to the previous release for December 2022 at -0.3%, we can see that prices & inflation is increasing 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 21.135M ADA with prices swinging between 0.4019 and 0.4084, representing a swing of 1.59%. Subsequently, the trading volume increased significantly by 124% to 47.385M ADA. Price action ranged from a low of 0.3975 to a high of 0.4144, a significant difference of 4.08%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 1.697M ADA in trading volume was observed prior to the data release. Prices ranged between a low of 0.4033 to a high of 0.4056, a 0.57% change. Immediately following, trading volume increased significantly by 121% to 3.746M ADA. At this time, Cardano hit a low of 0.4007 with a high of 0.4057, a significant change of 1.23%.

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

0.4109

Close

0.3937

24h Change

-0.0172 (-4.37%)

24h High

0.4144

24h Low

0.3854

24h Volume

163.245M ADA

US Producer Price Index

Bureau of Labor Statistics

16th February, 2023, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time Open High Low Close Change Amplitude Volume
 
1 Minute
Before0.40410.40480.40390.40450.10%0.22%412,882 ADA
During0.40440.40490.4030.40460.05%0.47%838,541 ADA
 
5 Minutes
Before0.4040.40480.40330.40450.12%0.37%1.07M ADA
During0.40440.40490.40180.40470.07%0.77%2.073M ADA
 
10 Minutes
Before0.40450.40480.40330.40450.00%0.37%1.505M ADA
During0.40440.40570.40180.4036-0.20%0.96%2.935M ADA
 
15 Minutes
Before0.40550.40560.40330.4045-0.25%0.57%1.697M ADA
During0.40440.40570.40070.4016-0.70%1.23%3.746M ADA
 
30 Minutes
Before0.40530.4060.40330.4045-0.20%0.67%3.343M ADA
During0.40440.40570.39750.3988-1.40%2.02%8.766M ADA
 
1 Hour
Before0.40260.4060.40240.40450.47%0.89%5.211M ADA
During0.40440.40570.39750.3989-1.38%2.02%13.535M ADA
 
2 Hours
Before0.40680.40740.40190.4045-0.57%1.35%11.216M ADA
During0.40440.40570.39750.4037-0.17%2.02%21.041M ADA
 
4 Hours
Before0.40740.40840.40190.4045-0.72%1.59%21.135M ADA
During0.40440.41440.39750.40770.81%4.08%47.385M ADA
 
6 Hours
Before0.40670.40840.40190.4045-0.54%1.59%31.324M ADA
During0.40440.41440.39750.40570.32%4.08%54.237M ADA
 
8 Hours
Before0.41090.41220.40490.4073-0.88%1.77%36.083M ADA
During0.40740.41440.39750.40770.07%4.08%68.52M ADA
 
12 Hours
Before0.41090.41220.40190.4045-1.58%2.50%57.219M ADA
During0.40440.41440.38540.3937-2.72%7.00%106.027M ADA

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