Casper is an open, permissionless, and proof-of-stake blockchain platform designed to increase the number of developers through their WASM code environment. It is upgradeable and empowered with a future-proof architecture. Additionally, it has developed the Casper Wallet, which gives users full control of their assets. CSPR has a market cap of $603 million and it is currently ranked 79th in terms of market capitalization. The asset price has slightly increased in the intraday session, but the volume-to-market cap ratio indicates a price consolidation.

According to the weekly technical chart of Casper, the price has shown a strong downside trend. It has a positive correlation of 0.86 with Ethereum and it's currently trading at around $0.0551, with a slight gain in the intraday session. Furthermore, it is trading above the 50 and the 100 Daily Moving Averages and the MACD of CSPR suggests bullishness in the price.

CSPR has the potential to reach a new high as its correlation with Ethereum is increasing. It's worth noting that the price is currently consolidating below $0.06 but could break out soon. The major support and resistance levels are $0.05 and $0.07 respectively. While investing or trading in crypto assets comes with a risk of financial loss, the upside trend of Casper's asset price can take it up to $0.07.



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