Casper Network (CSPR) Retraces To Key Support $0.041, Are Bulls Still In Control?

CSPR’s price struggles to hold above key support as the price needs to hold above $0.041 to maintain its bullish run. CSPR continues to struggle as a hidden bearish divergence appears in the four-hourly timeframe suggesting a change in trend could be imminent. The price of CSPR continues to look bullish as price trades above the 50 Exponential Moving Average (EMA) on the daily timeframe. Casper Network (CSPR) has gained traction in recent weeks, with the price rallying from its weekly low to a high of $0.055, where it met rejection in an attempt to trend higher. Despite the uncertainty that has befallen the crypto market in recent weeks, as the price of Bitcoin (BTC) and other crypto assets such as Ethereum (ETH) have seen a slight setback in their price movement, the price of Casper Network (CSPR) has shown strength, producing green moments for traders who have invested in this asset. (Data from OKX) Related Reading: Laura Shin Asks Terra’s Do Kwon The Tough Questions. What Did We Learn? Casper Network (CSPR) Price Analysis On The Weekly Chart. The bear market has been good and favorable for some projects, considering they came into the market at the thick of the event. This has affected their price negatively compared to other crypto assets that enjoyed a rally creating a series of all-time highs. Casper Network (CSPR) hasn’t enjoyed its price due to the bear market, but in recent weeks showed some great price mo...