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Parachute (PAR) Down 0.5% Thursday: What's Next?

Thursday, December 08, 2022 04:48 PM | InvestorsObserver Analysts
Parachute (PAR) Down 0.5% Thursday: What's Next?

Parachute (PAR) has been relatively more volatile when compared to other cryptocurrencies. So far Thursday, the Payment Tokens has declined 50.18% to $0.0001655862415.

volatility - 90
InvestorsObserver is giving Parachute a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on Parachute!

Highly Volatile

InvestorsObserver gives Parachute a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge tracks this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. PAR's high volatility reading is paired 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 in a favorable position going forward. With support around $0.0000675116085876967 and resistance around $0.00024308318702609. This leaves Parachute with room to run before facing selling pressures.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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