Does it Score Well on Short-Term Trading Metrics Monday?

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Monday, January 30, 2023 07:41 PM | InvestorsObserver Analysts

Parachute (PAR): Does it Score Well on Short-Term Trading Metrics Monday?

InvestorsObserver gives Parachute a weak short-term technical score of 26 from its analysis. The proprietary scoring system considers the token’s trading history over the past month to determine the strength of its short-term technicals. PAR has currently traded better than 26% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

Short-Term Technical - 26
InvestorsObserver is giving Parachute a 26 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Parachute!

Trading Analysis

Parachute is $0.000042 (24.43%) above its 30-day low of $0.000169966 while -$0.000233 (-52.43%) below its 30-day high of $0.00044458. In addition, PAR’s current price of $0.000211483 is under its 30-day moving average price of $0.000237371, leading to a weak short-term technical score. Overall the recent trading history of Parachute suggest that investors are bearish on the token at the moment.

Parachute’s market cap of $185,809.52 is relatively low for a token. Parachute’s relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Meanwhile, PAR’s average volume is low with $455,171.32 worth of the token traded over an average 24 hour period. PAR’s volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. Over the last 24 hours, PAR’s volume is below its usual with $60,747.45 exchanged.

Parachute’s subclass Payment Tokens: A token used as a form of payment for goods and services either in or outside of the crypto ecosystem. Often used as payment for services in a particular blockchain environment.


Parachute’s trading over the past 30 days leads to its a weak short-term technical score due to recent price movement suggesting more bearish signals for traders on the token in the near future.

Click Here to get the full Report on Parachute (PAR).

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