Casper Price Prediction 2023: Is CSPR at a Make or Break Level?

Casper Price Prediction 2023
  • Casper price (COINBASE: CSPR) slid 2.75% on the past day and currently trading at $0.037
  • Casper (COINBASE: CSPR) derivatives data states that a total of $3.39K OI has been created on the long side against $0.11K OI on the short side in the past 24 hours.  

Casper is the first live PoS blockchain based on the Casper CBC specification. It aims to boost the adoption of blockchain, smart contracts, and DApps globally. Casper has a future-proof architecture that adapts to the users’ needs and is accessible to developers of all levels. 

Casper’s price is currently trading at $0.037 with a decline of 2.75% in the past 24 hours. According to coinmarketcap data, CSPR cryptocurrency holds a total market cap of $416.79 Million and ranks at 90th position in the crypto market. It has received $5.43 Million in volume in the past 24 hours which is 25.8% less than the last day.  It has over 11.17 Million circulating supply which is 92% of the total supply. The volume to market cap ratio of CSPR coin is 1.31% which indicates low volatility in the market.

Casper Price Prediction Using Price Action Strategy


As per the price prediction of Casper crypto in the weekly timeframe, It was observed that the past 3 months have been very volatile for the CSPR coin. The price made a surge of almost 80% in a month after taking support from the demand zone. Thereafter, the price slid by nearly 40% in the next 2 months.

Source: CSPR/USD By TradingView

From the daily chart, It is observed that the price is in a correction phase and it is declining by forming lower highs and lower lows. Also, if the upper range and lower range are connected using a trendline, a falling wedge pattern can be obtained. Currently, the price is trading near the demand zone which is also the previous breakout zone. 

 If the CSPR coin is able to gain the interest of buyers and show a breakout of the falling wedge pattern with rising volume, then it will result in a change in trend and the price may surge higher.

Indicator Analysis

As per the EMA analysis, CSPR’s price is trading below all the EMAs, and getting rejections from the 20-day EMA shows the continuation of the correction phase. However, the price needs to surpass the hurdles of other EMAs to gain momentum and surge higher. 

At the time of publishing, the RSI value of Casper is 41.09 and that of the SMA line is 40.42. RSI has gone flat which indicates consolidation in the market.

MACD lines are below the mean line and flat which indicates neutral sentiment in the market. However, histogram bars have started forming above the mean line showing some positivity in the market.


Casper’s (CSPR) coin price prediction concludes that the price seemed to be in a short-term correction phase. It corrected by almost 40% after a hike in the price by 80% within the past three months. However, the CSPR price retook support from the demand zone at $0.034 and consolidated above it. Now, if the price is able to sustain above the demand zone and makes a breakout to the falling wedge pattern, then the price may surge higher. However, it needs buyers’ participation with rising volume to change its previous trend.

Technical Levels

  • The support levels of CSPR at $0.034 and $0.030
  • The resistance levels of CSPR at $0.045 and $0.053


The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

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