ADA Volatility Analysis for CPI, 10th March 2022

Data Analysis

Measured by Clometrix

Cardano's volatility ratio was 7.36x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 13.39x, against a typical 6.80x. That is more than twice 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.

How Cardano moved

Cardano was at $0.8080 when the figure came out. Fifteen minutes later it was 2.48% lower, and an hour later 1.11% lower. Its high-to-low range in the hour after was 4.7% of its price, against 0.87% in the hour before.

The release

Released by the Bureau of Labor Statistics on 10 March 2022 at 8:30 AM EST. The Consumer Price Index came in at 0.7% for February 2022, against 0.6% in January 2022. Consumer prices are rising faster than before.

It arrived at the same moment as Core Consumer Price Index, Core Inflation Rate, Initial Jobless Claims and Continued Jobless Claims, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, CPI 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 3.67x across 28, against 3.64x across 42. This one came out 6 days before the Federal Reserve's 16 March rate decision. Its own ratio of 7.36x compares with 3.67x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 70 CPI releases since 2021, Cardano's median volatility ratio is 3.64x.

About Consumer Price Index

The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and deflation. The index is published monthly by the U.S. Bureau of Labor Statistics (BLS).

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

0.8470

0.7930

24h Change

-0.054 (-6.81%)

24h High

0.8470

24h Low

0.7850

24h Volume

116.259M ADA

US Consumer Price Index

Bureau of Labor Statistics

10th March, 2022, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.808	0.81	0.808	0.808	0.00%	0.25%	39,662 ADA
During	0.808	0.818	0.808	0.817	1.10%	1.22%	890,618 ADA

5 Minutes
Before	0.809	0.81	0.807	0.808	-0.12%	0.37%	128,858 ADA
During	0.808	0.823	0.808	0.816	0.98%	1.82%	3.785M ADA

10 Minutes
Before	0.809	0.81	0.807	0.808	-0.12%	0.37%	314,074 ADA
During	0.808	0.823	0.803	0.808	0.00%	2.43%	7.243M ADA

15 Minutes
Before	0.808	0.81	0.807	0.808	0.00%	0.37%	493,233 ADA
During	0.808	0.823	0.787	0.788	-2.54%	4.37%	10.967M ADA

30 Minutes
Before	0.81	0.812	0.807	0.808	-0.25%	0.62%	1.245M ADA
During	0.808	0.823	0.785	0.797	-1.38%	4.62%	18.992M ADA

1 Hour
Before	0.811	0.813	0.806	0.808	-0.37%	0.86%	3.29M ADA
During	0.808	0.823	0.785	0.799	-1.13%	4.62%	21.815M ADA

2 Hours
Before	0.805	0.813	0.804	0.808	0.37%	1.11%	5.577M ADA
During	0.808	0.823	0.785	0.802	-0.75%	4.62%	29.189M ADA

4 Hours
Before	0.806	0.813	0.801	0.808	0.25%	1.48%	12.242M ADA
During	0.808	0.823	0.785	0.804	-0.50%	4.62%	36.976M ADA

6 Hours
Before	0.811	0.814	0.801	0.808	-0.37%	1.60%	21.289M ADA
During	0.808	0.823	0.785	0.804	-0.50%	4.62%	42.494M ADA

8 Hours
Before	0.847	0.847	0.797	0.806	-5.09%	5.90%	43.898M ADA
During	0.806	0.823	0.785	0.804	-0.25%	4.62%	49.218M ADA

12 Hours
Before	0.847	0.847	0.797	0.808	-4.83%	5.90%	56.14M ADA
During	0.808	0.823	0.785	0.793	-1.89%	4.62%	60.119M ADA