Casper

United

April

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Casper price sits at $0.04002 with a market capitalization of $448,051,573, up 4.46% overnight.&nbsp;</a> </li> 
 <li> <span>2</span> <a>CSPR price has climbed above 20 and 50-day EMAs.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of Casper is 44.83% while the three-month return is -33.09%.</a> </li> 
</ul> 
<p>CSPR price has been declining since the formation of a yearly high at $0.06385 on 30 April 2023 which recently found stability. There has been significant growth in price since 20th July 2023. The cryptocurrency price formed a support at $0.03560 which helped in halting the bearish pressure.&nbsp;</p> 
<p>The price surged but the move could not sustain above the $0.041 level. CSPR price retraced and formed support at $0.0375 and is currently striving to shatter the resistance level of $0.041 and head toward the $0.05 psychological level.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/hUdES2iLA8qlWQx4QxdTDIQXFtCyJwMPe90F2JtNvGddNwst-dBpeKZDw-u761YF5oJRJEG1HczrXUFnvy1dUnUCSIJXTWPeDhdAyoubKj5FySmfqPr8yun9pdkWJZ_gMcVr_vqrTYT7vWo8AUx55w" alt="Casper Price Prediction: Significant Rise In CSPR Price&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: CSPR/USDT By <a href="https://www.tradingview.com/x/H9aMgOJR/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>Currently, CSPR price is stuck in a narrow consolidation zone ranging between $0.0375 and $0.041. If bears enter the market and push the price below $0.0375, there is the possibility that the price might melt down toward the major support of $0.0356 causing a downfall of roughly 5%.</p> 
<p>On the other hand, if bulls can push the price above $0.041, it might rise toward the next resistance level of $0.045. Traders should wait for the candle to close in both possible scenarios.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-reason-behind-recent-surge-of-casper-labs-strong"><strong>Reason Behind Recent Surge Of Casper Labs</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2023/07/28/casper-cspr-price-skyrockets-to-face-resistance-soon/" rel="noopener noreferrer nofollow">Casper </a>Labs, the enterprise blockchain software leader, has chosen the INX digital company, a United States-regulated broker, ATS, and transfer agent as its preferred platform to tokenize and list its equity for trading on the secondary market.&nbsp;</p> 
<p>This move demonstrates its commitment to embracing regulations, the power of digital assets, and the future of Finance.INX.One will open up Casper Labs shares to both retail and institutional investors in more than 60 countries which would be beneficial for Casper Labs.</p> 
<p>The listing of Casper Lab’s equity on INX.One is scheduled for September 2023. The partnership announcement was the primary reason for the surge in the CSPR price.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-will-cspr-price-rise-to-0-045-strong-strong-strong"><strong>Will CSPR Price Rise to $0.045?</strong> <strong>&nbsp;</strong>&nbsp;</h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/ayoBuHU73bNXxqkfTruZiZhnwEnL-4IYAdnRtsTBfO-mMRmSwznRwgFhhZ9qSTDXrcb0HVZ5nwO9T7S24aznc1PZh0kDr90hUXc6jSeCfbOh1M7hqWlTAmq8nrSZaLOATpjEhnMHZSmC-vSN22GS8A" alt=""> 
  <figcaption class="wp-element-caption">
    Source: CSPR/USDT By <a href="https://www.tradingview.com/x/6oQIND9l/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/28/casper-cspr-price-skyrockets-to-face-resistance-soon/" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency price</a> climbed above the 20 and 50-day exponential moving average, suggesting a rise in bullish momentum. Previously, the 100-day EMA has acted as a resistance for the price. Chaikin money flow (CMF) score is 0.00 implying that there is neither strength nor weakness in the market indicating the possibility of consolidation.&nbsp;</p> 
<p>The relative strength index is 56.95 indicating price still possesses bullish momentum and might retrace after reaching the 60 mark. The 20-day SMA has been acting as a support for the price and it is headed toward the upper band of Bollinger which resides at $0.04153.&nbsp;</p> 
<p>The long/short ratio is 1.05 with 51.35% longs and 48.65% shorts indicating slightly higher pressure from buying side in the last 24 hours.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The market structure and price action indicate that the price is currently consolidating between the range of $0.041 and $0.0375.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Major support: $0.0375 and $0.0356&nbsp;</li> 
 <li>Major resistance: $0.041 and $0.045&nbsp;</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Casper Price Prediction: Significant Rise In CSPR Price

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 4, 2023

BTC price upside 'yet to come' at $29K after Bitcoin RSI reset — trader

Coinbase Files Brief Seeking Dismissal of SEC Lawsuit

Coinbase’s Chief Lawyer Shares His Take On SBF’s Bail Controversy

Worldcoin to Offer User ID Database to Companies, Governments

Crossover adds Equinix NY4 and connects to Cboe Digital

FTX’s SBF to Be in Jail Before Trial: DOJ

Join our free newsletter for daily crypto updates!