Is It Too Late To Buy CSPR? Casper Price Soars 62% And This Might Be The Next Crypto To Explode

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Is It Too Late To Buy CSPR? Casper Price Soars 62% And This Might Be The Next Crypto To Explode
Is It Too Late To Buy CSPR? Casper Price Soars 62% And This Might Be The Next Crypto To Explode

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The Casper price soared 62% in the last 24 hours to trade at $0.01664 as of 1:12 a.m. EST on trading volume that skyrocketed 2,483% to $114 million.

Casper Price Breakout Signals A Continued Surge

The CSPR price on the daily chart presents a dramatic turnaround following a long-standing downtrend that had trapped the asset within a descending channel.

After months of lower highs and lower lows, the Casper price finally broke out of the channel with a strong bullish candle, confirming a breakout. 

This breakout has not only invalidated the bearish structure but also propelled the price of Casper above both the 50-day and the 200-day Simple Moving Averages (SMAs), as GeckoTerminal data shows. 

Meanwhile, the Relative Strength Index (RSI) reading currently stands at 81.78, indicating that CSPR is in overbought territory. 

While an RSI above 70 typically warns of a potential pullback, it can also signify the beginning of a strong bullish phase, especially immediately after a breakout.

The Moving Average Convergence Divergence (MACD) indicator has flipped bullish as well, with the MACD line (blue) crossing above the signal line (orange) and the histogram printing green bars.

Both the MACD and the signal line are moving higher, confirming a strong shift in momentum that favors buyers.

Casper Price Chart Analysis Source: GeckoTerminal
CSPR/USDT Chart Analysis Source: GeckoTerminal

CSPR Price Prediction

Given the breakout from the descending channel, the strong move above both the SMAs, and the bullish confirmation from the MACD, the CSPR price is well-positioned for further upside. Immediate resistance could occur around the psychological level of $0.01800–$0.02000.

However, due to the extremely high RSI, some consolidation or a short-term dip could happen before the next leg higher. In the short term, any pullbacks toward the 200-day SMA at around $0.01310 may act as strong support for the Casper price.

In the meantime, investors are flocking to buy Best Wallet (BEST), which popular YouTuber ClayBro, with over 136K subscribers, says has the potential to soar 10X after launch.

Best Wallet Presale Charges Towards The $12 Million Mark

With decentralization and anonymity becoming more crucial than ever, Best Wallet aligns with crypto’s fundamental values which involves giving users full control over their assets while keeping their personal data secure.

It provides a seamless way to manage, trade, and store cryptocurrencies without requiring identity verification. 

The wallet also features Best DEX, which enables direct crypto trading and integrates with more than 200 other exchanges to find the best swap rates. 

It introduces a native presale aggregator and crypto debit card, while offering support for more than 60 blockchains.

Investors are buying into the hype, with the presale now garnering over $11.88 million.

Uncover Promising Early-Stage Crypto Projects With The “Upcoming Tokens” Feature

Among Best Wallet’s many features, one is gaining outsized interest from investors. That is its “Upcoming Tokens” section, which helps users discover promising projects still in the early stages.

The project’s success in identifying promising cryptos is already well established. It flagged Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered massive gains for early investors.

Investors can also stake BEST tokens for a huge 126% annual return. Currently, BEST tokens are priced at $0.0249.

Those interested should buy before a price hike in around 35 hours.

Check out BEST on its official website.

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