ADA Volatility Analysis for Continued Claims, 21st March 2024

Data Analysis

The release

Released by the Department of Labor on 21 March 2024 at 8:30 AM EDT. Continued Jobless Claims rose to 1802K for the week ending 9th Mar, from 1790K in the week ending 2nd Mar.

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

How Cardano moved

Cardano was at $0.6355 when the figure came out. Fifteen minutes later it was 0.83% lower, and an hour later unchanged. Its high-to-low range in the hour after was 1.48% of its price, against 0.8% in the hour before.

Measured by Clometrix

Cardano's volatility ratio was 1.72x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 2.19x, against a typical 1.63x. That is about what this release usually does. 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.

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 the day after the Federal Reserve's 20 March rate decision. Its own ratio of 1.72x compares with 1.36x 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

0.6373

0.6320

24h Change

-0.0053 (-0.84%)

24h High

0.6484

24h Low

0.6178

24h Volume

161.172M ADA

US Continued Jobless Claims

Department of Labor

21st March, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.635	0.6355	0.635	0.6355	0.08%	0.08%	46,215 ADA
During	0.6355	0.6376	0.6355	0.6374	0.30%	0.33%	164,941 ADA

5 Minutes
Before	0.6328	0.6355	0.6324	0.6355	0.42%	0.49%	670,576 ADA
During	0.6355	0.6376	0.6317	0.632	-0.55%	0.93%	1.136M ADA

10 Minutes
Before	0.6343	0.6355	0.6323	0.6355	0.19%	0.50%	1.631M ADA
During	0.6355	0.6376	0.631	0.6314	-0.65%	1.04%	2.076M ADA

15 Minutes
Before	0.6343	0.6355	0.6323	0.6355	0.19%	0.50%	2.087M ADA
During	0.6355	0.6376	0.6302	0.6302	-0.84%	1.16%	2.973M ADA

30 Minutes
Before	0.6323	0.6355	0.6319	0.6355	0.50%	0.57%	2.976M ADA
During	0.6355	0.6376	0.6282	0.6311	-0.70%	1.47%	5.412M ADA

1 Hour
Before	0.6323	0.6355	0.6304	0.6355	0.50%	0.80%	7.235M ADA
During	0.6355	0.6376	0.6282	0.6357	0.03%	1.47%	9.527M ADA

2 Hours
Before	0.6351	0.6364	0.6304	0.6355	0.06%	0.94%	10.379M ADA
During	0.6355	0.6382	0.6282	0.6358	0.05%	1.57%	19.066M ADA

4 Hours
Before	0.6347	0.6379	0.628	0.6355	0.13%	1.55%	20.007M ADA
During	0.6355	0.6439	0.6282	0.643	1.17%	2.44%	36.116M ADA

6 Hours
Before	0.6318	0.6379	0.6276	0.6355	0.58%	1.61%	27.954M ADA
During	0.6355	0.6484	0.6231	0.6269	-1.37%	3.90%	57.167M ADA

8 Hours
Before	0.6373	0.6459	0.6202	0.6344	-0.46%	3.98%	47.844M ADA
During	0.6347	0.6439	0.628	0.643	1.29%	2.47%	56.124M ADA

12 Hours
Before	0.6373	0.6459	0.6202	0.6355	-0.28%	3.98%	67.851M ADA
During	0.6355	0.6484	0.6178	0.632	-0.55%	4.72%	93.32M ADA