The CSPR price rises more than 130% before the Casper 2.0 update

• The price of Casper Network (CSPR) is shooting before the highly anticipated Casper 2.0 update.
• The volume of CSPR operations has increased by 2,500%, with a strong interest in futures.
• The price of Casper Network recently broke a descending wedge, but the RSI hints at a setback.

The CSPR price shot 130% early Monday, reaching a maximum intradic of $ 0.027 at Crypto.com. This remarkable rebound has catapulted Token at its highest level since December 9, 2024, marking a significant change of course since its minimum of this year.

Since its minimum of 2025, CSPR has risen more than 180%, capturing the attention of both investors and traders. The market capitalization of the Token has risen to approximately 215 million dollars, while its negotiation volume in 24 hours has fired almost 2500% compared to the previous day, reaching about 115 million dollars.

It should be noted that this increase in commercial activity underlines the growing interest in CSPR as it approaches a crucial moment in its development.

Why is Casper Network uploading?

The main driver of the meteoric ascent of CSPR is the expectation generated by the next update to Casper 2.0, scheduled for May 6, 2025. This update promises to improve the speed, safety and general experience of the network developers, positioning it as a more attractive platform for its adoption by companies and developers.

In a publication of April 22, 2025 in X, the Casper team described the update as “a great advance for the Casper network and a decisive step to connect the real world economy with the web3”.

🎉the wait is over! Casper 2.0 Is Going Live On May 6! 🎉

After months of anticipation and hard work, casper 2.0 is read to launch on May 6, and we couldn’t be more excited! 🙌

Casper 2.0 Is More than an upgrade —it’s a Leap forward for the Casper Network and A Defense Step … pic.twitter.com/z9Uttruxd

– Casper (@casper_network) April 22, 2025

These bold statements have undoubtedly fed the enthusiasm of investors, since they suggest a significant improvement in network capabilities and their potential for real world applications.

To this positive feeling is added the recent change in the direction of the project. According to Nick, a member of the community, the team associated with past delays and unfulfilled promises has been replaced, which marks the beginning of a new era with a more solid management and a renewed approach to execution.

FOR ANYONE ASKING WHY $ CSPR PUSHED so much today, it’s scholars peleple are performing that the new team in charge of casper is not slowing download.

We have watched as the @Casper_network You have completely shifted Focus and Started Pushing Major Updates.

I STATED BEFORE THAT THE NAMES … https://t.co/bduj4lfjh3

– Nick | Crypto Crusader (@ncashoficial) April 28, 2025

This change has infused confidence among investors, who now believe that the network is better positioned to fulfill their promises and achieve their long -term vision. The combination of an important technological update and improved leadership has created a perfect storm of upward feeling, driving CSPR to new heights.

The reaction of the community crypto to these developments has been overwhelmingly positive. The social feeling metric of Coinmarketcap It reveals that 92% of traders expect short -term profits, while the social feeling of Token has changed to a positive position. In addition, CSPR has begun to be a tendency in Google, indicating an increase in the interest and awareness of the public. This growing popularity between investors and the general public has further amplified the Albian impulse of the Token, since more and more people seek to capitalize their potential.

On-chain data also support the upward narrative. Only in the last two days, more than 1.7 million dollars in CSPR have been transferred outside the exchange platforms, suggesting that investors are transferring their tokens to autocustody purses. This trend usually indicates a reduction in the immediate sales pressure, since it is less likely that the holders liquidate their positions quickly.

In addition, the open interest in futures has reached a maximum of five months of 6.64 million dollars, compared to the 836,000 dollars of the previous month, According to Coinglass . The simultaneous increase in price and open interest is a classic signal of strengthening the upward feeling, since more operators are positioned to obtain greater profits. Financing rates have also remained positive during the last six days, which means that operators that are committed to long pay less than those who bet against Token. This is another clear indicator of the upward feeling of the market, since it shows that most operators rely on the ascending trajectory of CSPR. The convergence of these on-chain and market metrics presents a convincing panorama of a token prepared for continuous growth.

CSPR Price Analysis

From a technical perspective, the CSPR price action has been equally impressive. The Token recently exceeded a descending wedge that had limited its price during the last five months. This rupture is a significant advance, since it indicates a possible reversal of the previous bearish trend and the beginning of a new upward phase. The rupture was accompanied by an increase in the volume of operations, which further confirms the strength of the movement. The convergence/divergence indicator of the mobile average (MACD) has also turned up, indicating a growing bullish impulse. Macd lines now have an upward trend, suggesting that buyers have control. In addition, the Arono UP indicator is 100%, while the Down Aroon is 0%, which highlights the predominance of buyers in the market. These technical indicators collectively reinforce the upward perspective for CSPR. However, it is important to keep in mind that the relative force index (RSI) has been in overcompra territory during the last two days, suggesting that the Token could be about to experience a brief cooling period before resuming its ascending trajectory. A brief setback could provide healthy correction, allowing the market to restore and potentially preparing the stage for a more sustainable rebound. Looking ahead, the immediate objective is $ 0.024, which represents the maximum of December 2024 and a critical resistance level that CSPR failed to exceed twice during the second half of 2024. If the Token manages to overcome this level, it could pave the way for a greater impulse towards $ 0.10 or more. Down, the local support level is at $ 0.0097, which could come into play if a setback occurs. As the May 6 rise approaches, all eyes will be placed in CSPR to see if you can maintain your impulse and reach new milestones.