Parallel(par)market reviews and price predictions
Parallel market statement for 2023-06-01
Yesterday the price of par stood at $1.07. The market capitalization of the asset was $2 390 663. Parallel’s volatility was established at 0.56%. The trading volume of the coin reached $1 047.
Parallel prognosis for the next days:
We estimate the price of Parallel to be $1.07 tomorrow 2023-06-03 and $1.08 on 2023-06-09;
We estimate the market capitalization of Parallel to reach $2 399 936 tomorrow 2023-06-03 and $2 399 533 on 2023-06-05;
We estimate the volatility of Parallel to become 0.49% tomorrow 2023-06-03 and 0.45% on 2023-06-05;
We estimate the trading volume of Parallel to amount to $36 094 tomorrow 2023-06-03 and $17 696 on 2023-06-05.
Our recommendation for the pair PAR/USD for tomorrow, 2023-06-03, to hold.
Parallel market stayed flat from May 26 - June 1.
Parallel portrayed neutral behavior last week, with no changes in the price. The volatility of PAR has been low throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
May 23 - May 29 market wrap: Parallel had a slight 1% drop.
The bearish behavior of Parallel last week was characterized by the occurrence of downswings. The situation on the PAR market shows that the underlying asset is currently experiencing a period of low volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
May 22 - May 28 market wrap: Parallel had a slight 1% drop.
The bearish behavior of Parallel last week was characterized by the occurrence of downswings. PAR was caught in a period of low volatility, which was reflected in its price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
May 19 - May 25 market wrap: Parallel had a slight 1% drop.
The downward movement of the Parallel price last week indicates the chosen market is bearish. PAR has been going through a period of low volatility, which fell in line with the occurred price changes. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
Parallel market stayed flat from May 18 - May 24.
Parallel portrayed neutral behavior last week, with no changes in the price. The volatility associated with the PAR market was low, as were its price fluctuations. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
Parallel market stayed flat from May 18 - May 24.
Parallel portrayed neutral behavior last week, with no changes in the price. The situation on the PAR market shows that the underlying asset is currently experiencing a period of low volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
Bearish response: The Parallel price melts by 1% between May 15 and May 21.
The downward movement of the Parallel price last week indicates the chosen market is bearish. PAR was caught in a period of low volatility, which was reflected in its price action. Last week’s market conditions reflected on the market capitalization of the asset, which was falling. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
Parallel retraces by 1% in the period May 14 - May 20 as the market turns slightly bearish.
The behavior of Parallel last week was characterized by the occurrence of downswings. The volatility of PAR has been low throughout the reviewed period in correspondence with the price action. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
Slightly bearish : traders witnessed Parallel moving down 1% from May 14 till May 20.
The downward movement of the Parallel price last week indicates the chosen market is. The price swings of PAR pointed to the presence of low volatility. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.
The torpid Parallel had its price rise only by 1% last week (May 3 - May 9).
Between May 3 - May 9, Parallel has been mostly bullish as its price has been in the rising mode. The volatility associated with the PAR market was low, as were its price fluctuations. No rise or fall was observed in the market capitalization of the coin during the period under review. No growth or loss has been observed in trading volume on the crypto coin's market.