Parachute (PAR) Rises 0.71%, Underperforms the Crypto Market Thursday

Thursday, March 28, 2024 07:27 AM | InvestorsObserver Analysts

Parachute (PAR) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the Payment Tokens has gained 0.71% to $0.0004613984992.

InvestorsObserver is giving Parachute a 54 Volatility Rank. Find out what this means to you and get the rest of the rankings on Parachute!

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Moderately Volatile

InvestorsObserver gives Parachute a moderate volatility rank of 54, placing it in the top 46% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. PAR's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Parachute price is in a good position going forward. With support around $0.000446982006222402 and resistance set at $0.00046856822996067. This positions Parachute with room to run before facing selling pressures.