Casper Price Analysis: Will CSPR Surge to hit $0.053


  • Casper(CSPR) records upswings today.
  • First support level for Casper is at $0.030.
  • The EMA(50) is currently at $0.032.
  • 24-hour trading volume for Casper is hovering at $12,517,011.00.

25 April 2024 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,399,093,962,496. The total trading volume stands at $82,277,466,185. Bitcoin shares 53.35 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $65,023.22 level after an upward movement of 1.09%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.36 percent reaching to $3,187.16 during the previous 24 hours.
While publishing this blog, BNB traded at $616.51, following a price change of 1.78% within the same time frame. SOL the native coin of Solana is down by -1.16 and currently trading at $148.03. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% 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.

Casper Support and Resistance

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

Casper Performance

The price of Casper (CSPR) is at $0.049, up 2.36% in the past 24-hours and has a price change of -1.14% over the week. One day trading volume for BTC is 12,517,011.00 USD while total marketcap reached $571,321,388.00 USD. There are almost 11,712,683,215 are in circulation out of 12306256364.

Casper Price Analysis

CSPR price analysis for 25 April 2024 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.

Moving Averages Price Indicator
Simple Moving Average (10) 0.039 Buy
Exponential Moving Average (10) 0.041 Buy
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.

Conclusions

From the technical analysis, the overall trend of the Casper is still bearish; however, the price action might shows an attempt a bullish reversal with its bullish engulfing candle pattern. Therefore, if CSPR manages to stay above $0.030, it can provide an excellent long opportunity for CSPR communnity.