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CSPR price jumps more than 130% ahead of Casper 2.0 upgrade
- Casper Network (CSPR) price surged over 130% ahead of the Casper 2.0 upgrade, with trading volume up 2,500% and strong futures interest.
- The price reached $0.027 on Crypto.com, the highest since December 9, 2024, marking a significant turnaround from its low this year.
- Market capitalization reached around $215 million, with trading volume spiking by nearly 2,500% to about $115 million.
- The surge is attributed to the upcoming Casper 2.0 upgrade on May 6, 2025, promising network enhancements and better real-world application.
- New leadership and tech upgrades have fueled investor enthusiasm, along with positive sentiment and increasing social awareness.
- On-chain data shows tokens moving to self-custody wallets, reducing immediate sell pressure, while open interest and bullish sentiment are rising.
- Technical analysis indicates a breakout from a falling wedge, with bullish momentum supported by MACD and Aroon indicators.
- Despite RSI indicating overbought conditions, a short-term pullback may be expected before potential further upward movement.
- Immediate targets are $0.024 resistance and potential for reaching $0.10 or higher, with $0.0097 as local support level in case of a pullback.
- Investors are closely watching CSPR as the upgrade nears to assess its ability to sustain momentum and achieve new milestones.
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