ADA Volatility Analysis for Continued Claims, 5th September 2024

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 1.78x, against 1.35x for a typical Continued Claims release since 2021. Its volume ratio was 5.30x, 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 $0.3289 when the figure came out. Fifteen minutes later it was 0.49% higher, and an hour later 2.4% higher. Its high-to-low range in the hour after was 2.49% of its price, against 1.16% in the hour before.

The release

Released by the Department of Labor on 5 September 2024 at 8:30 AM EDT. Continued Jobless Claims fell to 1845K for the week ending 24th Aug, from 1849K in the week ending 17th Aug.

It arrived at the same moment as 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 18 September rate decision. Its own ratio of 1.78x 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

0.3233

0.3247

24h Change

0.0014 (0.43%)

24h High

0.3401

24h Low

0.3195

24h Volume

114.862M ADA

US Continued Jobless Claims

Department of Labor

5th September, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.3286	0.3289	0.3285	0.3288	0.06%	0.12%	57,338 ADA
During	0.3289	0.3302	0.3289	0.33	0.33%	0.39%	356,066 ADA

5 Minutes
Before	0.3271	0.3289	0.3269	0.3288	0.52%	0.61%	528,944 ADA
During	0.3289	0.3316	0.3289	0.331	0.63%	0.81%	1.622M ADA

10 Minutes
Before	0.328	0.3289	0.3269	0.3288	0.24%	0.61%	1.529M ADA
During	0.3289	0.3316	0.3287	0.3298	0.27%	0.87%	2.382M ADA

15 Minutes
Before	0.3286	0.3292	0.3269	0.3288	0.06%	0.70%	3.888M ADA
During	0.3289	0.3316	0.3287	0.3305	0.48%	0.87%	3.902M ADA

30 Minutes
Before	0.3274	0.3292	0.3266	0.3288	0.43%	0.79%	6.111M ADA
During	0.3289	0.333	0.3287	0.3324	1.05%	1.29%	6.454M ADA

1 Hour
Before	0.3257	0.3292	0.3254	0.3288	0.94%	1.15%	8.849M ADA
During	0.3289	0.3369	0.3287	0.3368	2.35%	2.43%	12.714M ADA

2 Hours
Before	0.3238	0.3292	0.3234	0.3288	1.52%	1.76%	12.447M ADA
During	0.3289	0.3401	0.3287	0.3325	1.08%	3.35%	30.322M ADA

4 Hours
Before	0.3249	0.3292	0.322	0.3288	1.19%	2.19%	18.735M ADA
During	0.3289	0.3401	0.3255	0.3266	-0.70%	4.29%	46.232M ADA

6 Hours
Before	0.3211	0.3292	0.3202	0.3288	2.34%	2.73%	26.585M ADA
During	0.3289	0.3401	0.3234	0.326	-0.89%	4.91%	56.748M ADA

8 Hours
Before	0.3233	0.3261	0.3195	0.3248	0.46%	2.02%	21.473M ADA
During	0.3249	0.3401	0.322	0.3266	0.52%	5.32%	64.967M ADA

12 Hours
Before	0.3233	0.3292	0.3195	0.3288	1.67%	2.95%	40.208M ADA
During	0.3289	0.3401	0.32	0.3247	-1.29%	5.91%	74.654M ADA