Casper Network Price Prediction: 2024, 2025, 2030

CSPR price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, the lowest support level for CSPR lay at $0.0109. 
• Meanwhile, $0.0505 proved to be the highest resistance.

2. Market sentiment

• The CSPR market is seen to be strongly bearish in September 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, CSPR’s forecasted average price for 2030 is $0.0320 and $0.0700 in 2035.

Stay updated on CSPR’s prospects through a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

CSPR technical analysis: Is a recovery rally coming?

The Casper Network price prediction for 2024 is shaped by its dynamic performance throughout the previous year, with significant fluctuations in market value and emerging patterns playing key roles. Beginning the analysis in September 2023, the sentiment was quite bearish, a trend common in the crypto market.

Continued declines drove the asset to $0.0300 in mid-October. Like many altcoins, this fall was succeeded by a renewed rally.

The bulls successfully flipped $0.0404 in December. Simultaneously, the asset challenged the highest resistance of $0.0505. After a minor pullback, this level was tested again later in the month.
 

However, this test was rejected in late January, prompting a retraction below $0.0404. The retest in March faced a similar fate. Yet, this time, the succeeding downturn was more pronounced, augmented by the market-wide pessimism in Q2 2024.
 

By late April, $0.0300 had been lost to sellers, and buyers’ attempts to reclaim it faltered under the selling pressure. The downtrend resumed by June, depreciating CSPR’s value to $0.0186 in July.

Furthermore, in late July, things worsened on the network front as it suffered a security breach. This led to an immediate suspension of operations. Although the breach was swiftly contained, it intensified the fear, doubt, and uncertainty (FUD), precipitating more declines.
 

In late August, CSPR dropped to its lowest established support of $0.0109. By early September, it hit a new all-time low (ATL) of $0.0105.  At press time, the token traded at $0.0119. 

This uptick in price could be the market’s response to CSPR’s undervaluation. If this recovery rally continues, it could extend to the current resistance. The asset's prospects can improve if the bulls keep up the buying strength. 

Moreover, reclaiming $0.0300 would require substantial pressure. This level can lay the groundwork for a renewed rally to reach the peak resistance.

However, if the recovery rally is rejected at $0.0186, the price can return to its lowest floor. More declines can follow if left unchecked.

The predictive models are quite bearish on CSPR’s future. The forecasted average price for 2030 is expected to be $0.0320. This implies it would take years before the token claims $0.0300. The projection extends slightly favorably into 2035, with prices anticipated to soar above $0.0700.

CSPR's 2024 roadmap: Key indicators to watch and trade

• The Awesome Oscillator (AO) remained predominantly below the zero line. It briefly turned positive in late December, only to drop momentarily in mid-February and decisively in April. 
• The press time value of -0.01454 represented an uptick from previous lows, indicating a slight decrease in bearish conditions.
• The Chaikin Money Flow (CMF) remained negative for the entirety of the analysis. It ended the period at -0.24, highlighting a substantial outflow of money.
• The trading volume’s recovery from mid-October was reversed by April, reflecting investor withdrawal from the market. However, the token’s yearly low prices brought the buyers back in, as evidenced by a slight rise in volume.