Casper Price prediction: CSPR price displayed a golden crossover

• Casper price prediction turning bullish after golden EMA crossover.
• CSPR price is trading above the 50 and 200 day EMA showcase uptrend.
• Casper price attempting to break the higher range of consolidation.

Casper Price Prediction suggests a rise in the long term and turned bullish after displaying the golden crossover. Casper price recovered 30% approx from the lower range support at $0.03286 and strikes the supply zone. 

CSPR price managed to climb above the 50 and 200 day EMA showcase positional trend is in upward direction. It also displayed a golden crossover indicating strength and buyers seem to be returning back to the bullish track. However, CSPR price will gain momentum when buyers succeed to break the higher range hurdle at $0.04672. 

Casper price is trading at $0.04172 with an intraday decline of -2.16% and 24 hour volume to market cap ratio is at 0.0186. The pair of CSPR/BTC is trading at 0.000001497 with an intraday decline of -1.90%. At the beginning of March, Casper price gave an attempt to break the $0.04672 hurdle but got rejected and price reverted in a downward direction. 

Later, CSPR price began to decline by forming lower lows and lost the majority of the previous gains. Meanwhile, the global market sentiment also turned bearish and negatively impacted prices which invited further decline.

Will Casper price break the higher range?

Casper price took support near its demand zone at $0.03286 and entered into the narrow range consolidation. It shows responsive buyers are active at lower levels and downside seems to be limited. 

CSPR price is presently on the way to give 3rd attempt to break the $0.04672 hurdle. However, if the price faced profit booking then the possibility of bouncing back remains high. On the other hand, if the price slips below the $0.03286 support then, bear may try to drag it further down toward yearly lows.The technical analysis suggests, Casper price is in bulls grip and if overall market sentiment remains bullish probability of range expansion will increase. 

CSPR price defends support level despite global selloff

CSPR price gained 7.18% approx on a weekly timeframe and breakout of the previous week high. It shows the strength and confidence of the buyers. Casper price is quite stable in the past couple of months and buyers succeed to defend the demand zone despite global selloff. 

It indicates, prices have formed a strong base and short term correction will have a high possibility of bouncing back from support levels. The technical indicators like MACD had generated a positive crossover indicating bullish momentum to continue in coming weeks. The RSI at 57 denotes strength and more room for upside is open.

Conclusion

Casper price prediction turned bullish after displaying the golden crossover. Casper price is on the way to give 3rd attempt to break the $0.04672 hurdle. If buyers succeed then the CSPR price might rally to $.05519 level. The technical analysis suggests Casper price is in bulls grip and probability of the upward range expansion is high. 

Technical levels

Resistance levels : $0.04672 and $0.5519

Support levels : $0.03286 and $0.02557

Disclaimer

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.