ADA Volatility Analysis for Continued Claims, 28th March 2024

Data Analysis

The release

Released by the Department of Labor on 28 March 2024 at 8:30 AM EDT. Continued Jobless Claims fell to 1788K for the week ending 16th Mar, from 1802K in the week ending 9th Mar.

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.

Measured by Clometrix

Cardano's volatility ratio was 1.26x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 1.62x, against a typical 1.63x. Under 1.5x is not a reaction at all: the market barely noticed this release. 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 $0.6490 when the figure came out. Fifteen minutes later it was 0.2% lower, and an hour later unchanged. Its high-to-low range in the hour after was 0.99% of its price, against 0.91% in the hour before.

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 was not within two weeks of a Fed decision. Its own ratio of 1.26x compares with 1.36x for those, about what its circumstances would suggest.

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

0.6501

0.6489

24h Change

-0.0012 (-0.18%)

24h High

0.6580

24h Low

0.6352

24h Volume

92.319M ADA

US Continued Jobless Claims

Department of Labor

28th March, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.6487	0.6492	0.6487	0.6491	0.06%	0.08%	18,755 ADA
During	0.649	0.6497	0.6481	0.6484	-0.09%	0.25%	631,204 ADA

5 Minutes
Before	0.6487	0.6492	0.6482	0.6491	0.06%	0.15%	177,319 ADA
During	0.649	0.6497	0.6468	0.6471	-0.29%	0.45%	951,484 ADA

10 Minutes
Before	0.6497	0.6499	0.6482	0.6491	-0.09%	0.26%	386,714 ADA
During	0.649	0.6497	0.6463	0.6474	-0.25%	0.52%	1.144M ADA

15 Minutes
Before	0.6507	0.6507	0.6482	0.6491	-0.25%	0.38%	763,117 ADA
During	0.649	0.6497	0.6463	0.6477	-0.20%	0.52%	1.296M ADA

30 Minutes
Before	0.6517	0.6541	0.6482	0.6491	-0.40%	0.90%	2.132M ADA
During	0.649	0.6497	0.6444	0.6488	-0.03%	0.82%	2.298M ADA

1 Hour
Before	0.652	0.6541	0.6482	0.6491	-0.45%	0.90%	4.367M ADA
During	0.649	0.6497	0.6433	0.6492	0.03%	0.99%	4.084M ADA

2 Hours
Before	0.6485	0.6541	0.6482	0.6491	0.09%	0.90%	7.971M ADA
During	0.649	0.6538	0.6433	0.6516	0.40%	1.61%	10.848M ADA

4 Hours
Before	0.6494	0.6543	0.6474	0.6491	-0.05%	1.05%	16.564M ADA
During	0.649	0.658	0.6433	0.654	0.76%	2.23%	23.464M ADA

6 Hours
Before	0.6461	0.6543	0.6448	0.6491	0.46%	1.45%	26.688M ADA
During	0.649	0.658	0.6433	0.6523	0.51%	2.23%	29.556M ADA

8 Hours
Before	0.6501	0.6536	0.6352	0.6494	-0.11%	2.82%	28.415M ADA
During	0.6494	0.658	0.6433	0.654	0.70%	2.23%	40.028M ADA

12 Hours
Before	0.6501	0.6543	0.6352	0.6491	-0.15%	2.92%	44.978M ADA
During	0.649	0.658	0.6433	0.6489	-0.02%	2.23%	47.341M ADA