Parachute (PAR) rises 26.03%, outperforms the crypto market on Sunday
Parachute (PAR) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Sunday, the Pay Tokens are up 26.03% to $0.0004262488821.
InvestorsObserver giving Parachute a high volatility rating of 93, placing it in the top 7% of cryptos on the market.
The volatility meter analyzes this to mean that the ranking represents recent trends and is not overly affected by a sudden spike – or two – in volatility. PAR’s high volatility reading is paired with a low Risk/Reward Gauge reading, meaning the token has relatively large price swings and is well protected from price manipulation.
The parachute price trades above resistance. With support around $0.000329516973018493 and resistance around $0.000344997766099717. This places the 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.