Parallel(par)market reviews and price predictions

Parallel market statement for 2022-12-06

Yesterday the price of par stood at $1.05. The market capitalization of the asset was $2 364 498. Parallel’s volatility was established at 0.94%. The trading volume of the coin reached $863 679.

Parallel prognosis for the next days:

We estimate the price of Parallel to be $1.05 tomorrow 2022-12-10 and $1.04 on 2022-12-16;

We estimate the market capitalization of Parallel to reach $2 333 841 tomorrow 2022-12-10 and $2 348 515 on 2022-12-12;

We estimate the volatility of Parallel to become 1.02% tomorrow 2022-12-10 and 1.08% on 2022-12-12;

We estimate the trading volume of Parallel to amount to $270 649 tomorrow 2022-12-10 and $396 565 on 2022-12-12.

Our recommendation for the pair PAR/USD for tomorrow, 2022-12-10, to sell.

Parallel(par)week price prediction
1%
Price
Volatility
Capitalization
Volume
Nov 13Nov 20Nov 27Dec 04Dec 11Nov 13Nov 20Nov 27Dec 04Dec 110.960.981.001.021.041.060.960.981.001.021.041.06
Today's review

The bullish pressure subsides between November 30 and December 6 as Parallel gains only 2%.

The price of Parallel was rising last from November 30 until December 6, giving enough reason to conclude that the market is bullish. PAR was caught in a period of low volatility, which was reflected in its price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.

Latest reviews

November 21 - November 27 price action recap: Parallel sees a weak 1% gain as the buyers take a step back.

Between November 21 - November 27, Parallel has been mostly as its price has been in the rising mode. 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.

Buyers weakened their grip on the Parallel market (November 19 - November 25) as the price rose only by 1%.

The upward movement of the Parallel price last week indicates the chosen market is bullish. The volatility of PAR has been low throughout the reviewed period in correspondence with the price action. The market capitalization of the asset has been increasing in concert with the price of the coin. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

Down by 1% : The Parallel market saw some bearish action last week (November 17 - November 23).

Parallel has been last week as its price has been predominantly falling. PAR has been going through a period of low volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been increasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the increasing trading volume.

Down by 1% : The Parallel market saw some bearish action last week (November 16 - November 22).

The price of Parallel was falling last from November 16 until November 22, giving enough reason to conclude that the market is. The volatility of PAR has been low throughout the reviewed period in correspondence with the price action. There has been a fall in the market capitalization of the asset during the period under review. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.

Bearish response: The Parallel price melts by 1% between November 13 and November 19.

The price of Parallel was falling last from November 13 until November 19, giving enough reason to conclude that the market is. The volatility of PAR has been low throughout the reviewed period in correspondence with the price action. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

Bearish response: The Parallel price melts by 1% between November 12 and November 18.

The behavior of Parallel last week was characterized by the occurrence of downswings. 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 November 11 - November 17.

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. Last week’s market conditions reflected on the market capitalization of the asset, which was rising. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.

Restrained price action on November 10 to November 16 as Parallel moves up by only 3%.

Parallel has been bullish last week as its price has been predominantly rising. 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 increased market capitalization of the said digital asset. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.

Market review from November 9 to November 15 : Parallel gets a 8% price appreciation.

Parallel has been bullish last week as its price has been predominantly rising. The volatility associated with the PAR market was low, as were its price fluctuations. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.

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