ADA Volatility Analysis for Continued Claims, 30th May 2024

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 1.88x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.64x, against a typical 1.63x. That is a strong reaction by this release's own standard. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Cardano moved

Cardano was at $0.4495 when the figure came out. Fifteen minutes later it was 0.16% higher, and an hour later 0.27% higher. Its high-to-low range in the hour after was 0.98% of its price, against 1.18% in the hour before.

The release

Released by the Department of Labor on 30 May 2024 at 8:30 AM EDT. Continued Jobless Claims rose to 1810K for the week ending 18th May, from 1798K in the week ending 11th May.

It arrived at the same moment as Gross Domestic Product Report and Initial Jobless Claims, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Continued Claims releases in the two weeks before a Fed decision have moved Cardano about as much as those at other times: a median volatility ratio of 1.33x across 93, against 1.36x across 206. This one came out 13 days before the Federal Reserve's 12 June rate decision. Its own ratio of 1.88x compares with 1.33x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 299 Continued Claims releases since 2021, Cardano's median volatility ratio is 1.35x.

About Continued Jobless Claims

The weekly claims report is released Thursdays at 8:30 a.m. ET by the U.S. Department of Labor (DOL). Continued claims, also referred to as insured unemployment, is the number of people who have already filed an initial claim and who have experienced a week of unemployment and then filed a continued claim to claim benefits for that week of unemployment. Continued claims data are based on the week of unemployment, not the week when the initial claim was filed.

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

0.4530

0.4455

24h Change

-0.008 (-1.68%)

24h High

0.4556

24h Low

0.4432

24h Volume

88.785M ADA

US Continued Jobless Claims

Department of Labor

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

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4492	0.4495	0.4491	0.4494	0.04%	0.09%	23,851 ADA
During	0.4495	0.4509	0.4494	0.4508	0.29%	0.33%	158,756 ADA

5 Minutes
Before	0.4494	0.4495	0.4491	0.4494	0.00%	0.09%	68,933 ADA
During	0.4495	0.4509	0.4479	0.449	-0.11%	0.67%	563,122 ADA

10 Minutes
Before	0.4486	0.4495	0.4486	0.4494	0.18%	0.20%	143,227 ADA
During	0.4495	0.4509	0.4479	0.4491	-0.09%	0.67%	772,419 ADA

15 Minutes
Before	0.4482	0.4495	0.4479	0.4494	0.27%	0.36%	341,695 ADA
During	0.4495	0.4509	0.4479	0.4502	0.16%	0.67%	1.059M ADA

30 Minutes
Before	0.4484	0.4495	0.4472	0.4494	0.22%	0.51%	1.074M ADA
During	0.4495	0.4513	0.4479	0.4502	0.16%	0.75%	1.856M ADA

1 Hour
Before	0.4525	0.4525	0.4472	0.4494	-0.69%	1.17%	5.372M ADA
During	0.4495	0.4523	0.4479	0.4507	0.27%	0.97%	3.042M ADA

2 Hours
Before	0.451	0.4526	0.4472	0.4494	-0.36%	1.19%	7.608M ADA
During	0.4495	0.4523	0.4479	0.45	0.11%	0.97%	6.768M ADA

4 Hours
Before	0.4469	0.4527	0.4468	0.4494	0.56%	1.30%	18.996M ADA
During	0.4495	0.4523	0.4467	0.4504	0.20%	1.24%	13.18M ADA

6 Hours
Before	0.4482	0.4527	0.4432	0.4494	0.27%	2.10%	39.616M ADA
During	0.4495	0.4551	0.4467	0.4532	0.82%	1.85%	19.201M ADA

8 Hours
Before	0.453	0.4556	0.4432	0.447	-1.34%	2.72%	37.197M ADA
During	0.4469	0.4527	0.4467	0.4504	0.78%	1.33%	32.176M ADA

12 Hours
Before	0.453	0.4556	0.4432	0.4494	-0.80%	2.72%	56.193M ADA
During	0.4495	0.4551	0.4451	0.4455	-0.90%	2.20%	32.592M ADA