SOL Volatility Analysis for Non-Farm Payrolls, 5th May 2023

Data Analysis

Measured by Clometrix

Solana's volatility ratio was 5.41x, against 2.77x for a typical Non-Farm Payrolls release since 2021. Its volume ratio was 9.93x, against a typical 4.45x. 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 Solana moved

Solana was at $21.96 when the figure came out. Fifteen minutes later it was 0.73% lower, and an hour later 0.14% lower. Its high-to-low range in the hour after was 2.19% of its price, against 0.68% in the hour before.

The release

Released by the Bureau of Labor Statistics on 5 May 2023 at 8:30 AM EDT. The economy added 216K jobs for April 2023, according to Non-Farm Payrolls, after a gain of 85K in March 2023.

It arrived at the same moment as Non-Farm Private Payrolls and Unemployment Rate, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, Non-Farm Payrolls releases in the two weeks before a Fed decision have moved Solana about as much as those at other times: a median volatility ratio of 2.72x across 21, against 2.81x across 49. This one came out 2 days after the Federal Reserve's 3 May rate decision. Its own ratio of 5.41x compares with 2.81x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 70 Non-Farm Payrolls releases since 2021, Solana's median volatility ratio is 2.77x.

About Non-Farm Payrolls

Nonfarm payrolls is the measure of the number of workers in the U.S. excluding farm workers and workers in a handful of other job classifications. This is measured by the Bureau of Labor Statistics (BLS), which surveys private and government entities throughout the U.S. about their payrolls. The BLS reports the nonfarm payroll numbers to the public on a monthly basis through the closely followed “Employment Situation” report.

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.

SOL-USDT

Solana

Open

21.72

22.88

24h Change

1.16 (5.07%)

24h High

23.07

24h Low

21.56

24h Volume

3.666M SOL

US Non-Farm Payrolls

Bureau of Labor Statistics

5th May, 2023, 8:30AM Timezone: America/New York

Chart Data from Binance

Observations

Time	Open	High	Low	Close	Change	Amplitude	Volume

1 Minute
Before	21.94	21.98	21.94	21.96	0.09%	0.18%	3,677 SOL
During	21.96	22.04	21.56	21.72	-1.10%	2.18%	99,644 SOL

5 Minutes
Before	21.97	21.98	21.94	21.96	-0.05%	0.18%	8,802 SOL
During	21.96	22.04	21.56	21.73	-1.06%	2.18%	189,265 SOL

10 Minutes
Before	21.98	21.99	21.94	21.96	-0.09%	0.23%	11,191 SOL
During	21.96	22.04	21.56	21.77	-0.87%	2.18%	209,138 SOL

15 Minutes
Before	22.02	22.04	21.94	21.96	-0.27%	0.45%	19,055 SOL
During	21.96	22.04	21.56	21.80	-0.73%	2.18%	218,249 SOL

30 Minutes
Before	22.02	22.07	21.94	21.96	-0.27%	0.59%	43,433 SOL
During	21.96	22.04	21.56	21.80	-0.73%	2.18%	255,908 SOL

1 Hour
Before	21.94	22.07	21.92	21.96	0.09%	0.68%	80,741 SOL
During	21.96	22.04	21.56	21.93	-0.14%	2.18%	301,198 SOL

2 Hours
Before	21.90	22.07	21.87	21.96	0.27%	0.91%	150,952 SOL
During	21.96	22.34	21.56	22.21	1.13%	3.49%	659,601 SOL

4 Hours
Before	21.93	22.07	21.80	21.96	0.14%	1.22%	264,334 SOL
During	21.96	22.57	21.56	22.49	2.36%	4.47%	1.221M SOL

6 Hours
Before	21.77	22.07	21.72	21.96	0.87%	1.59%	448,834 SOL
During	21.96	22.80	21.56	22.73	3.39%	5.44%	1.727M SOL

8 Hours
Before	21.72	22.12	21.66	21.93	0.96%	2.08%	821,185 SOL
During	21.93	22.57	21.56	22.49	2.49%	4.47%	1.486M SOL

12 Hours
Before	21.72	22.12	21.66	21.96	1.09%	2.08%	1.086M SOL
During	21.96	23.07	21.56	22.88	4.02%	6.55%	2.581M SOL