ADA Volatility Analysis for PPI, 12th July 2024

Data Analysis

The data released by Bureau of Labor Statistics for Producer Price Index on 12th July, 2024 has come in at an increase to 0.4% for June 2024. Compared to the previous release for May 2024 at 0.0%, 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 14.936M ADA with prices swinging between 0.3972 and 0.4022, representing a swing of 1.24%. Subsequently, the trading volume increased by 46% to 21.779M ADA. Price action ranged from a low of 0.3990 to a high of 0.4111, a significant difference of 2.94%

15-Minutes Chart Analysis

Analysing on a lower time frame to get a more accurate picture, 1.42M ADA in trading volume was observed prior to the data release. Prices ranged between a low of 0.3988 to a high of 0.4021, a 0.82% change. Immediately following, trading volume increased significantly by 196% to 4.205M ADA. At this time, Cardano hit a low of 0.3990 with a high of 0.4020, a change of 0.75%.

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

0.3993

0.4162

24h Change

0.0169 (4.06%)

24h High

0.4181

24h Low

0.3932

24h Volume

100.728M ADA

US Producer Price Index

Bureau of Labor Statistics

12th July, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4019	0.4021	0.4018	0.402	0.02%	0.07%	50,092 ADA
During	0.402	0.402	0.399	0.3999	-0.53%	0.75%	868,714 ADA

5 Minutes
Before	0.4015	0.4021	0.4013	0.402	0.12%	0.20%	506,186 ADA
During	0.402	0.402	0.399	0.4006	-0.35%	0.75%	1.379M ADA

10 Minutes
Before	0.4004	0.4021	0.4003	0.402	0.40%	0.45%	900,585 ADA
During	0.402	0.402	0.399	0.4001	-0.47%	0.75%	2.206M ADA

15 Minutes
Before	0.3998	0.4021	0.3988	0.402	0.55%	0.82%	1.42M ADA
During	0.402	0.402	0.399	0.4006	-0.35%	0.75%	4.205M ADA

30 Minutes
Before	0.3984	0.4021	0.3975	0.402	0.90%	1.14%	2.406M ADA
During	0.402	0.4039	0.399	0.4037	0.42%	1.21%	5.54M ADA

1 Hour
Before	0.3997	0.4021	0.3972	0.402	0.57%	1.22%	3.728M ADA
During	0.402	0.4081	0.399	0.4043	0.57%	2.23%	10.705M ADA

2 Hours
Before	0.4006	0.4021	0.3972	0.402	0.35%	1.22%	6.317M ADA
During	0.402	0.4107	0.399	0.4091	1.74%	2.85%	17.085M ADA

4 Hours
Before	0.4001	0.4022	0.3972	0.402	0.47%	1.24%	14.936M ADA
During	0.402	0.4111	0.399	0.4108	2.14%	2.94%	21.779M ADA

6 Hours
Before	0.4015	0.4022	0.3953	0.402	0.12%	1.72%	21.873M ADA
During	0.402	0.415	0.399	0.4138	2.85%	3.86%	30.058M ADA

8 Hours
Before	0.3993	0.403	0.3932	0.4001	0.20%	2.43%	28.838M ADA
During	0.4001	0.4111	0.3972	0.4108	2.60%	3.38%	36.715M ADA

12 Hours
Before	0.3993	0.403	0.3932	0.402	0.67%	2.43%	43.775M ADA
During	0.402	0.4181	0.399	0.4162	3.41%	4.57%	56.954M ADA