Should You Sell Parachute (PAR) Thursday?

Thursday, May 04, 2023 10:16 AM | InvestorsObserver Analysts

InvestorsObserver gives Parachute a strong long-term technical score of 94 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. PAR at this time has a superior long-term technical analysis score than 94% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving Parachute a 94 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Parachute!

Trading Analysis

The current trading price of $0.000358657 for PAR is $0.0000346 (10.69%) above the tokens 100-day moving average of $0.000324031. PAR meanwhile is $0.0002506 (-10181495.47%) above its 52-week low of $0.000108036 and -$0.00040974 (-1301357.02%) under its 52-week high price of $0.000768401. Parachute's current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 94. The price movement and range of PAR suggest that investors are neutral on the token at this time. Parachute has a total market value of $315,117.06 with an low average daily volume of $620,200.55 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, PAR's volume is below its average with $87,178.25 exchanged in total. This token's subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.

Summary

Technical analysis of Parachute over the past year results in the crypto receiving a a strong long-term technical score of 94 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Parachute (PAR).

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