Key Findings: $CSPR
- Casper’s price rejects the support at $0.0260 for the third time since September 7 and keeps moving within the short-term bullish momentum.
- The upcoming resistance remains at the $0.0300 mark, a psychological barrier against the current upside rally.
- The 100 and 200 EMA suggests CSPR is still under the long-term bearish trend despite the current bullish sentiment.
- The RSI moves above the 14 SMA but is yet to exceed 50 to confirm a bullish trend.
- If Casper breaks above $0.0300, we may see more supply awaiting near the 100 EMA (0.0319) and the resistance at $0.0340.
Casper (CSPR) Technical Analysis
CSPR revives above $0.0260 despite the overall bearish trend. The price initiated a short-term bullish move followed by the rejection of the current support.
Expecting a further price surge at this point will be a counter-trend move since the 100 EMA still maintains below the 200 EMA, suggesting a long-term downtrend.
However, Casper is denied by the support at $0.0260 for the third time in the last three months, which indicate a bullish correction is underway. If the price manages to hold above the support, we may see CSPR retesting the upcoming psychological resistance at $0.0300 before the year ends.
If Casper exceeds $0.0300, we’ll closely watch how the price reacts near the 100 EMA ($0.0319) and the long-term resistance at $0.0340 for assessing any potential bearish trend reversals.
The RSI indeed exceeds the 14 SMA, but the index value must rise above 50 to validate the current bullish momentum.
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