- Casper Coin surged over 10% overnight.
- The price of the crypto broke the downsloping trendline on the daily time frame.
- Trading volume increased by over 320% to $38.7 million.
The CSPR—Casper’s native coin—has raised costs by a huge amount overnight. This bullish signal could be a start for the upcoming uptrend for altcoin investors. The upcoming bullish hurdle is the next step. At this point, buyers may see a drop in prices, but price accumulation will help buyers accelerate the upward movement.
On the weekly time frame as well as on the daily price chart, the price action is showing an all-time high-low formation. On longer term prospects, buyers are still struggling with the consolidation phase in CSPR coin despite the bullish momentum. Casper investors need to break through this limiting phase for excellent returns.
CSPR coin recorded two incredible daily price candles in this week, noted the 50 day high today at $0.038 level. Thus Casper coin is trading at $0.035 mark at the time of writing, along with 5.4% intraday increase. Moreover, the CSPR/BTC pair is in the green zone by 12% at 0.00000175 satoshis.
Amid sudden price hike, CSPR coin breached the downsloping trendline (white) with extreme appreciable volume of $38 Million last night. Hence, market cap hiked over 10% overnight at $367.6 Million. However, buyers are maintaining the higher-lows formation above the bullish trendline, as well as, above the green moving line of MA ADX indicator over daily price scale.
Casper Price Prediction Indicate $0.10 Level in October Month
RSI indicator spotted into the overbought zone in terms of the daily price chart. Indicator got fueled at the semi-line and RSI’s peak spiked higher. The RSI indicator may stay in the higher zone until the weekend. Similarly, ADX indicator is rising gradually and reached at 26 level, suggesting strength in upwards momentum.
Conclusion
The Casper price may accumulate near the upcoming bullish hurdle before any significant upside ride. In buyers’ favor, the ascending trendline stays below the current price to provide support.
Resistance level- $0.040 and $0.10
Support level- $0.030 and $0.020
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/10/07/casper-price-predictioncspr-top-gainer-of-the-day-will-it-retain-the-top-position-at-the-end-of-today/