ADA Volatility Analysis for CPI, 14th August 2024

Data Analysis

The release

Released by the Bureau of Labor Statistics on 14 August 2024 at 8:30 AM EDT. The Consumer Price Index came in at 0.2% for July 2024, against 0.0% in June 2024. Consumer prices are rising again, after a fall.

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

How Cardano moved

Cardano was at $0.3440 when the figure came out. Fifteen minutes later it was 0.29% higher, and an hour later 0.7% lower. Its high-to-low range in the hour after was 1.72% of its price, against 0.87% in the hour before.

Measured by Clometrix

Cardano's volatility ratio was 3.93x, against 3.64x for a typical CPI release since 2021. Its volume ratio was 9.89x, against a typical 6.80x. 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, 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 was not within two weeks of a Fed decision. Its own ratio of 3.93x compares with 3.64x for those, about what its circumstances 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

0.3388

0.3367

24h Change

-0.0021 (-0.62%)

24h High

0.3457

24h Low

0.3308

24h Volume

52.419M ADA

US Consumer Price Index

Bureau of Labor Statistics

14th August, 2024, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	0.3429	0.344	0.3428	0.3439	0.29%	0.35%	233,595 ADA
During	0.344	0.3448	0.3427	0.343	-0.29%	0.61%	1.136M ADA

5 Minutes
Before	0.3425	0.344	0.3424	0.3439	0.41%	0.47%	348,242 ADA
During	0.344	0.3448	0.3402	0.3432	-0.23%	1.33%	2.277M ADA

10 Minutes
Before	0.3416	0.344	0.3416	0.3439	0.67%	0.70%	437,108 ADA
During	0.344	0.3448	0.3402	0.3443	0.09%	1.33%	2.927M ADA

15 Minutes
Before	0.3412	0.344	0.341	0.3439	0.79%	0.87%	493,439 ADA
During	0.344	0.3457	0.3402	0.345	0.29%	1.59%	3.642M ADA

30 Minutes
Before	0.342	0.344	0.341	0.3439	0.55%	0.87%	1.057M ADA
During	0.344	0.3457	0.3402	0.3426	-0.41%	1.59%	4.582M ADA

1 Hour
Before	0.3418	0.344	0.341	0.3439	0.61%	0.87%	1.711M ADA
During	0.344	0.3457	0.3398	0.3416	-0.70%	1.71%	5.981M ADA

2 Hours
Before	0.3421	0.344	0.34	0.3439	0.52%	1.16%	3.429M ADA
During	0.344	0.3457	0.3308	0.3357	-2.47%	4.31%	14.902M ADA

4 Hours
Before	0.3391	0.344	0.3385	0.3439	1.40%	1.60%	7.997M ADA
During	0.344	0.3457	0.3308	0.3358	-2.44%	4.31%	20.844M ADA

6 Hours
Before	0.3405	0.344	0.338	0.3439	0.99%	1.74%	10.573M ADA
During	0.344	0.3457	0.3308	0.3345	-2.84%	4.31%	24.365M ADA

8 Hours
Before	0.3388	0.3419	0.3361	0.3391	0.09%	1.70%	14.096M ADA
During	0.3391	0.3457	0.3308	0.3358	-0.98%	4.31%	28.841M ADA

12 Hours
Before	0.3388	0.344	0.3361	0.3439	1.48%	2.30%	22.093M ADA
During	0.344	0.3457	0.3308	0.3367	-2.17%	4.31%	30.326M ADA