Parachute (PAR) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Payment Tokens has dropped 36.05% to $0.0001948950531.
InvestorsObserver gives Parachute a high volatility rank of 88, placing it in the top 12% of cryptos on the market.
The Volatility Gauge tracks 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 favorably positioned going forward. With support at $0.000117168492048688 and resistance around $0.000240504166337371. 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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