02 December 2023 : In this article we will walk you through Casper price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Casper, Is CSPR a good investment? Casper support & resistance levels etc. But before diving deep into the CSPR technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,453,636,172,897. The total trading volume stands at $50,466,701,519. Bitcoin shares 52.1 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $38,719.85 level after an upward movement of 2.73%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 2.07 percent reaching to $2,092.21 during the previous 24 hours.
While publishing this blog, BNB traded at $228.53, following a price change of 0.46% within the same time frame. XRP the native coin of XRP is up by 1.24 and currently trading at $0.61. Additionally, Solana reached $60.15 after seeing a uplift of 2.02% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Casper (CSPR)
|CSPR Resistance Levels||CSPR Support Levels|
|Resistance Level 1||$0.053||Support Level 1||$0.030|
|Resistance Level 2||$0.065||Support Level 2||$0.020|
|Resistance Level 3||$0.076||Support Level 3||$0.008|
The price of Casper (CSPR) is at $0.037, down -1.37% in the past 24-hours and has a price change of 0.54% over the week. One day trading volume for BTC is 5,315,320.00 USD while total marketcap reached $428,728,830.00 USD. There are almost 11,452,567,511 are in circulation out of 12150535365.
CSPR price analysis for 02 December 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Casper.
|Simple Moving Average (10)||0.039||Sell|
|Exponential Moving Average (10)||0.041||Sell|
|Simple Moving Average (20)||0.036||Buy|
|Exponential Moving Average (20)||0.037||Buy|
|Simple Moving Average (50)||0.031||Buy|
|Exponential Moving Average (50)||0.032||Buy|
The CSPR/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market. The Relative strength index (RSI) for CSPR Coin is currently hovering at 81 for 14-days average line, which means CSPR is in overbought zone and a trend reversal is possible. While CSPR’s Williams %R indicator is at -32.49 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. In accordance with the conventional pivot, the crucial immediate resistance for CSPR may be found at $0.053, followed by $0.065. In the meantime, the cryptocurrency's support levels were located at $0.030 and then $0.020.
According to the Casper (CSPR) price analysis, the bears have failed to take the market downwards, and as a result, we are likely to see the continuation of the bullish trend in the coming days.