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- 1 Casper is currently trading at $$0.0382 while seeing a fall of 12.42% in the 24-hour trading volume.
- 2 CSPR recorded a fall of 1.13% in the last 7 days.
Casper price prediction suggests that the price is falling from the bull’s grasp to the bear. Recently, the price of Casper token fell below its trend line and unless the price succeeds in reclaiming the trend, there is a major probability that it may decline further.
Casper crypto is forming a parallel consolidation channel after breaking its bull trend. The oscillators have started moving towards the demand zone after taking a reversal from their respective immediate resistance levels. The 200 EMA is providing formidable resistance to the price on a 1-day chart.
The present value of CSPR is $0.0382, It has a market capitalization of around $427.77 Million which fell over the last few weeks.
Decrease in LunarCrush Levels Regarding Casper
There is a plunge in the majority of LunarCrush parameters. The total bullish sentiment metric dropped by 36.76%. A sharp fall of 59.76% is observed in the total social engagement level which suggests that potential investors in the community are apprehensive regarding the CSPR crypto.
Major Hike In Greed Sentiment Of Investors
Investor sentiments regarding the overall cryptocurrency market are observing a slight fall over the past week in the sentiment index. The market’s sentiment metric had increased by 3 points in a short period when the index was moving near 64 points.
The value of the sentiment index is 61 points in the Fear and Greed index as per the Alternative(dot)me platform.
Casper Price Prediction: Technical Analysis On 1-Day Chart
The RSI line has been moving below the median line for a few weeks. The present value of the RSI is 39.69 points and the value of 14 SMA is 41.61 points. The RSI line is taking a reversal towards the demand level.
At present, the stochastic RSI turned away from the supply zone. The value of the stochastic RSI is 60.84 points. The %K and %D lines gave a bearish crossover.
Conclusion
According to the analysis, Casper price is gaining buyers’ support on the 1-day chart after the recent plunge in its value. Investor sentiments regarding the overall cryptocurrency market are getting bearish. Unless the price succeeds in reclaiming the trend, it may see a further decline in its value in the near future.
Technical Levels:
Support –$0.035
Resistance – $0.045
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
