07 December 2022 : 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 $840,406,192,828. The total trading volume stands at $38,436,141,580. Bitcoin shares 38.52 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $16,836.82 level after a decline of -0.94%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -1.89 percent reaching to $1,231.97 during the previous 24 hours.
While publishing this blog, BNB traded at $283.86, following a price change of -1.73%within the same time frame. XRP the native coin of XRP is down by -1.83 and currently trading at $0.38. Additionally, Dogecoin reached $0.096 after seeing a decline of -4.13% 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 $0.029, down -0.96% in the past 24-hours and has a price change of -3.49% over the week. One day trading volume for BTC is 4,144,607.00 USD while total marketcap reached $311,037,024.00 USD. There are almost 10,568,833,036 are in circulation out of 11340453150.
CSPR price analysis for 07 December 2022 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||Sell|
|Exponential Moving Average (20)||0.037||Sell|
|Simple Moving Average (50)||0.031||Sell|
|Exponential Moving Average (50)||0.032||Sell|
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. Casper is moving in downward direction as bears successfully take the coin below immediate support level of $0.030. Now CSPR should find a support at $0.020 or else the sellers could then target the crucial support level placed at $0.076.
Casper is now experiencing a significant bearish trend, this does not necessarily imply that the cryptocurrency is in any type of precarious situation that cannot be rectified. Even if the price is falling steadily, it is anticipated that the two support levels will serve as strong barriers and cause the trend line to rebound back into the positive zone.