Parachute(par)market reviews and price predictions
Parachute market statement for 2023-05-27
Yesterday the price of par stood at $0.0003. The market capitalization of the asset was $193 082. Parachute’s volatility was established at 5.66%. The trading volume of the coin reached $120 643.
Parachute prognosis for the next days:
We estimate the price of Parachute to be $0.0003 tomorrow 2023-05-31 and $0.0003 on 2023-06-06;
We estimate the market capitalization of Parachute to reach $198 449 tomorrow 2023-05-31 and $195 307 on 2023-06-02;
We estimate the volatility of Parachute to become 5.39% tomorrow 2023-05-31 and 5.26% on 2023-06-02;
We estimate the trading volume of Parachute to amount to $75 269 tomorrow 2023-05-31 and $83 845 on 2023-06-02.
Our recommendation for the pair PAR/USD for tomorrow, 2023-05-31, to hold.
Parachute sees limited 1% gains between May 21 and May 27 as the market cools down.
Between May 21 - May 27, Parachute has been mostly bearish as its price has been in the rising mode. PAR has been going through a period of medium volatility, which fell in line with the occurred price changes. The market capitalization of the asset has been decreasing in concert with the price of the coin. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
May 21 - May 27 price action recap: Parachute sees a weak 1% gain as the buyers take a step back.
The analysis of last week’s price action shows that the Parachute market is in the bearish phase since the price has been moving upward. The volatility associated with the PAR market was medium, as were its price fluctuations. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The price action of the crypto coin last week took place on the back of decreased trading volume.
Parachute market stayed flat from May 20 - May 26.
Parachute portrayed neutral behavior last week, with no changes in the price. The volatility associated with the PAR market was medium, 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.
The bears stepped up a gear on May 19 - May 25, dropping the price of Parachute by 6%.
Between May 19 - May 25, Parachute has been mostly as its price has been in the falling mode. PAR has been going through a period of medium volatility, which fell in line with the occurred price changes. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin last week took place on the back of decreased trading volume.
Parachute market stayed flat from May 18 - May 24.
Parachute portrayed neutral behavior last week, with no changes in the price. The volatility of PAR has been medium throughout the reviewed period in correspondence with the price action. The price action of the coin has been accompanied by the increased market capitalization of the said digital asset. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
The bullish pressure subsides between May 12 and May 18 as Parachute gains only 1%.
Between May 12 - May 18, Parachute has been mostly bearish as its price has been in the rising mode. The price swings of PAR pointed to the presence of medium volatility. The asset saw its market capitalization falling over the reviewed period together with its price. The price action of the crypto coin from last week stemmed from the decreasing trading volume.
Parachute retraces by 1% in the period May 9 - May 15 as the market turns slightly bearish.
The downward movement of the Parachute price last week indicates the chosen market is. The price swings of PAR pointed to the presence of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Down by 2% : The Parachute market saw some bearish action last week (May 8 - May 14).
Parachute has been last week as its price has been predominantly falling. The volatility of PAR has been medium 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 falling. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.
May 8 - May 14 market wrap: Parachute had a slight 2% drop.
The price of Parachute was falling last from May 8 until May 14, giving enough reason to conclude that the market is. The situation on the PAR market shows that the underlying asset is currently experiencing a period of medium volatility. The price action of the coin has been accompanied by the decreased market capitalization of the said digital asset. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The bears stepped up a gear on May 7 - May 13, dropping the price of Parachute by 6%.
Parachute has been last week as its price has been predominantly falling. PAR has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the decline of market capitalization. The past week’s price movement of the crypto coin was accompanied by the falling trading volume on the corresponding market.