Parachute (PAR) has been relatively more volatile compared to the crypto market. So far Sunday, the Payment Tokens has advanced 49.12% to $0.0003392418815.
InvestorsObserver gives Parachute a high volatility rank of 95, placing it in the top 5% of cryptos on the market.
The Volatility Gauge follows meaning that one day won’t make or break its rank.
PAR’s high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.
Parachute price is trading above resistance. With support set at $0.000155094535589838 and resistance near $0.000303344776771651. This positions Parachute out of range and potentially in a volatile position if the rally burns out.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency’s blockchain.
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.