- Prices in bearish swing for a month.
- Price rise expected after a slight drop.
- The volume varies by 22% amounting to $4.5 million.
A month has passed since FTX crumpled, and the market was pushed off the cliff. The coins, which were anticipated to rise, fell by face, but now after the corrective phase, it’s time to show some glamor. CSPR is equipped to end its bearish momentum and rise. It may step back slightly to gain more force like a pro, but that’s for good. It consistently glorifies its old and new features to remind users of its utility and how it can be worthwhile in the coming time.
What kind of innovations will be possible with millions moving towards #decentralization? Find out more info in our blog post
— Casper (@Casper_Network) December 20, 2022
Bears hold the charts
The CSPR price moved sideways after falling due to the debacle and has marked its correction. The EMAs form possibilities of a death cross, but the fall is anticipated to be advantageous, as a sharp rise may follow it in the near term. The volume depletes paired with subtle downwards-sloping OBV shows the price may fall in the immediate term but may be balanced soon. The cumulative study shows a slight fall, but it will be more beneficial for the holders in the bigger picture.
The CMF falls to the initial ranges of the zone below the zero mark. The MACD slits slightly with the seller bars, but the gap is retractable and may be corrected soon. The RSI is unable to reach the zone above the 50-mark average and currently lays low at the foot ranges.
Bulls may takeover soon
The 4-hour time frame displays that the CSPR price capsulizes and hints at a rise. The CMF indicator reaches above the baseline and points up to that, suggesting a future rise. The MACD turns unbiased with entwined lines and jumbled participation, which may show buyers entering soon. The RSI indicator is to escalate as it slopes up and reflects increasing buyer curiosity.
Conclusion
The Casper market might scare the fainthearted but shows potential to the true believers. The short-term falls imply a future “godspeed,” and the holders may reap blond harvests. The prices may rise soon, and the white Casper may turn green.
Technical levels
Support levels: $0.025 and $0.020
Resistance levels: $0.036 and $0.041
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 financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2022/12/21/caspers-bear-weakens-bulls-to-takeover-holders-may-witness-transition/