Casper is one of the top gainers over the last 24 hours. The coin is seeing notable increase in value over the last two days which suggests it gradually edging toward flipping another key level.
During the previous intraday session, CSPR opened trading at $0.054 and surged to a high of $0.058. It closed at its peak, which signifies a more than 7% increase. This marked the most successful of all its previous three attempts as the token flipped the $0.055 resistance.
This time, it gained stability above the mark. We also noticed that the peak was a strong barrier as it marked the boundary of its $0.058 and $0.050 channels.
The present intraday session is different as the resistance broke. CSPR is also heading towards another critical level. It is slowly creeping at $0.065 but failed to flip it.
It peaked at $0.063 and halted its advances due to the wall it met. Nonetheless, it is worth noting that the surge started after it found support at $0.057. It is also up by more than 6% at the time of writing.
The most recent increase the coin is seeing is experiencing is leading to a lot of speculation. One such is how it will perform in the coming days.
Casper is Bullish
A look at the indicators hints at the asset seeing more increases.
The first to consider is the Moving Average Convergence Divergence. On Thursday, the coin had a bullish divergence. The ensuing price movement is an indication of what that event means. it is worth noting that the metric is still on the uptrend which supports the first statement.
The Moving Averages are also in support of a significant increase. For example, we noticed that the 50-day MA is arched upwards. We see the same action on its counterpart.
On the downside, we may expect a small drop in buying volume, as the Relative Strength Index is currently above 70. As per RSI rules, we may expect a small downtrend within the next 24 hours.
