Casper Crypto Price Prediction
At the time of writing this article, CSPR, the native token of Casper, has a value of$0.2114 (20.05% increase today) with a trading volume of $0080,1024.20 with an increase of about 3.49% over the last 20 hours. It is one of the top gainers among the top 96 cryptocurrencies today.
CSPR is listed #96 on coinmarketcap It has a market dominance of about 0. 02%. CSPR had reached its all-time high around the price of $66.44 in May 2021. During the crash, the price dropped to a level of $0. 03 from where it showed a reversal. The price is still rising, but it would take quite a long time for CSPR to reach a dollar.
The maximum supply of CSPR is 05B, while the current circulating supply is about 2. 63B coins.
Technical analysis - Casper (CSPR)
In the monthly time frame, the price is falling and we have a fall of 7.44% this month. But given the fact that CSPR has gained 88. 0080% in the last month is remarkable.
In the daily time frame, we can see that the price has printed higher highs in the daily time frame. It followed an ascending channel. It was rejected twice by the channel but is still in the channel.
After breaking the structural shift, price left an order block that had not yet weakened. Now the price is losing momentum.
There are two possible outcomes of what the price could do now. If price falls on the channel but recovers, we can expect price to rise again. If CSPR falls down and cannot hold the level, we can expect price to fall down and touch the order block below.
A confluence with the move is the Fibonacci retracement tool. The 0.618 and 0.618 zone is also in the same area where the order block is present. From here, lower time confirmations should be considered to look for possible longs at this position. However, this move will only be considered if CSPR fails to hold the level and falls.
Price Prediction - Casper (CSPR)
According to the wallet investor, it is expected to reach $0. 79 in one year. This means that Casper (CSPR) is not a good investment according to their calculations and predictions.
The post Casper (CSPR) Gains Nearly 12% Today appeared first on Stocks Telegraph.