Search Inside Bitcoins

Casper Price Prediction: Is CSPR Gearing Up for a $0.10 Spike?

Casper
Casper

Join Our Telegram channel to stay up to date on breaking news coverage

Casper (CSPR) is on course north after the bulls took over during the September 12 trading session. The move followed a liquidity grab, collecting all the untapped liquidity under the $0.0337 support level.

Meanwhile, the Casper network appeared during the Token2049 event in Singapore. The event served to map out the crypto industry’s future, with executives from different projects coming together with developers and creators. With more than 10,000 people in attendance, Token2049 was a huge success, with Casper becoming one of the sponsors.

This demonstrated the project’s commitment to the industry, even as it endeavors to add value for developers and creators. That aside, Casper also made it to CoinMarketCap’s list of top cryptocurrency performers in the last three days.

Hodlers and analysts are also very bullish on Casper, with the lower timeframes already giving bull run-like vibes.

The optimism goes beyond a $1.0000 price potential for CSPR, with experts urging traders to focus more on altcoins than Bitcoin (BTC).

Casper Price Forecast With $0.1 On The Horizon

At the time of writing, Casper’s price is $0.0349, a daily rise of almost 3% and up nearly 12% over the last five days. The token has recorded higher highs during this time, nurturing an uptrend that has vindicated CSPR from the foothold of the bearish descending parallel channel at $0.0337.

Momentum indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO) point to a bullish picture. Specifically, the RSI above 50 shows strong buyer power, with its northbound trajectory suggesting rising momentum. If bulls keep their profit-taking appetite in check, Casper’s price could ultimately make its $0.1000 target long-term.

Increased buying pressure could send Casper’s price to the $0.0400 psychological level, with a forecasted target of $0.0416. This would indicate a 20% climb above current levels. More optimistically, however, and for the short term, the likely target for CSPR is $0.0370, a 5% climb based on the broader market outlook painted by Bitcoin price. This would be the conservative stop-loss point for shorts.

The Parabolic SAR indicator tracking Casper’s price from the underside is a good sign, acts as support at $0.0313, and points to bullish momentum.

Casper price
TradingView: CSPR/USDT 1-day chart

On the flip side

Conversely, early profit-taking threatens Casper’s price, likely to plunge it back into the confines of the descending channel. A decisive move below the channel’s midline at the $0.0300 psychological level would confirm the downtrend, likely flipping the Parabolic SAR back to a resistance level.

In the dire case, the downtrend could extrapolate, sending Casper’s price toward the channel’s lower boundary to test the $0.0262 support level. Such a move would constitute a 25% downswing. Longs should probably place their stop losses at $0.0313.

While CSPR works out its predicted direction, step into the world of Bitcoin BSC.

Bitcoin BSC is a new crypto project in the market, underway with its presale, which is writing a remarkable success story. Barely two weeks out since the early offering started, and the project has already collected more than $2.7 million in presale sales. Buy Bitcoin BSC now and ride along the predicted 10X potential for gains.

Promising alternative to CSPR

Featured in a wide range of news outlets, including Cointelegraph, CryptoPotato, Cryptonews, Beincrypto, CoinDesk, Techopedia, NewsBTC, and many others, Bitcoin BSC has earned itself a presence in the crypto community.

Its hallmark is the BTCBSC token, which set out to give investors a chance to grab a piece of history with a new low market cap crypto still in the presale. Specifically, if you missed the 2011 Bitcoin train when BTC was retailing for $0.99, here is your opportunity! BTCBSC is going at the same rate in the current presale stage, giving you a chance to join in early.

To be clear, Bitcoin BSC has no direct relationship, and buying BTCBSC does not get you Bitcoin. However, it allows you to be part of a project with the same promise as Bitcoin, including similar block rewards of 0.25 per block. Moreover, it has a running staking function, with almost 1.4 million BTCBSC tokens staked.

With an annual percentage yield (APY) of 192%, the staking function is an incredible opportunity to earn passive income. It also helps reduce selling pressure on the token, giving Bitcoin BSC a chance to grow in value.

Another passive income earner on the Bitcoin BSC network is the referral program, giving you a chance to earn 5% from each purchase your friend makes using your exclusive link. All you need to do is invite them by sharing your unique link, which you get by linking up your wallet.

The token runs on Ethereum’s Binance Smart Chain, hence the Bitcoin on Binance Smart Chain. With this, it enjoys the same privileges as the Ethereum (ETH) blockchain, including security and smart contract efficiency. Other perks include the speed of transactions and remarkable cost-effectiveness.

Buy BTCBSC here

Also Read:

New Crypto Mining Platform - Bitcoin Minetrix

Rating

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now - BTCMTX
  • Staking Rewards - Over 10,000% APY
Bitcoin Minetrix

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!