ADA Volatility Analysis for Continued Claims, 6th June 2024

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 2.43x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 3.17x, 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 $0.4601 when the figure came out. Fifteen minutes later it was 0.24% lower, and an hour later 0.15% lower. Its high-to-low range in the hour after was 0.61% of its price, against 0.5% in the hour before.

The release

Released by the Department of Labor on 6 June 2024 at 8:30 AM EDT. Continued Jobless Claims rose to 1825K for the week ending 25th May, from 1810K in the week ending 18th May.

It arrived at the same moment as International Trade Balance in Goods and Services, International Imports in Goods and Services, International Exports in Goods and Services 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 6 days before the Federal Reserve's 12 June rate decision. Its own ratio of 2.43x 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

0.4619

0.4593

24h Change

-0.0026 (-0.57%)

24h High

0.4621

24h Low

0.4505

24h Volume

61.128M ADA

US Continued Jobless Claims

Department of Labor

6th June, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.4599	0.46	0.4597	0.46	0.02%	0.07%	46,700 ADA
During	0.4601	0.4606	0.46	0.4601	0.00%	0.13%	161,710 ADA

5 Minutes
Before	0.46	0.4602	0.4597	0.46	0.00%	0.11%	213,562 ADA
During	0.4601	0.4606	0.4587	0.4589	-0.26%	0.41%	705,636 ADA

10 Minutes
Before	0.4597	0.4602	0.4592	0.46	0.07%	0.22%	496,365 ADA
During	0.4601	0.4606	0.4584	0.4586	-0.33%	0.48%	1.216M ADA

15 Minutes
Before	0.4596	0.4602	0.4592	0.46	0.09%	0.22%	930,966 ADA
During	0.4601	0.4606	0.4584	0.459	-0.24%	0.48%	1.446M ADA

30 Minutes
Before	0.4591	0.4602	0.4587	0.46	0.20%	0.33%	1.67M ADA
During	0.4601	0.4606	0.4582	0.4591	-0.22%	0.52%	1.979M ADA

1 Hour
Before	0.4582	0.4602	0.4579	0.46	0.39%	0.50%	2.392M ADA
During	0.4601	0.4606	0.4578	0.4594	-0.15%	0.61%	3.458M ADA

2 Hours
Before	0.4576	0.4602	0.4574	0.46	0.52%	0.61%	3.697M ADA
During	0.4601	0.4619	0.4578	0.4599	-0.04%	0.89%	7.496M ADA

4 Hours
Before	0.4584	0.4602	0.4572	0.46	0.35%	0.65%	6.918M ADA
During	0.4601	0.462	0.4578	0.46	-0.02%	0.91%	13.08M ADA

6 Hours
Before	0.4582	0.4602	0.4572	0.46	0.39%	0.65%	10.66M ADA
During	0.4601	0.462	0.4571	0.4581	-0.44%	1.06%	18.324M ADA

8 Hours
Before	0.4619	0.4621	0.4572	0.4585	-0.74%	1.06%	14.697M ADA
During	0.4584	0.462	0.4572	0.46	0.35%	1.04%	19.998M ADA

12 Hours
Before	0.4619	0.4621	0.4572	0.46	-0.41%	1.06%	21.615M ADA
During	0.4601	0.462	0.4505	0.4593	-0.17%	2.49%	39.513M ADA