CSPR price jumps by more than 130% in front of the Casper 2.0 upgrade

• The price of the Casper Networks (CSPR) increases before the highly expected Casper 2.0 upgrade.
• The CSPR trade volume has increased by 2,500%, with strong interest in futures.
• The price of the Casper Networks recently broke out of a falling wedge, but the RSI indicates a reset.

The CSPR price rose by 130% on Monday morning and has reached a daily high of $ 0.027 on Crypto.com.

This remarkable rally has catapulted the token to its highest level since December 9, 2024 and is a significant gymound from the lowest point this year.

from its low point in 2025, CSPR has now increased by more than 180%, which attracts the attention of investors and dealers alike.

The market capitalization of the token has increased to approximately $ 215 million, while the 24-hour trading volume has exploded by almost 2,500% compared to the previous day, which achieves about $ 115 million.

It is remarkable that this increase in commercial activities underlines the growing interest in CSPR, while the token approaches a decisive moment in its development.

Why is the price of the Casper Networks?

The main reason for the meteor-like increase of CSPR is the anticipation for the upcoming Casper 2.0 upgrade, which is planned on May 6, 2025.

This upgrade promises to improve the speed, security and general developer experience of the network and position it as a more attractive platform for companies and developers.

In a contribution from April 22, 2025 to X, the Casper team described the upgrade as "a jump forward for the Casper Network and a decisive step to bridge the real economy with Web3."

🎉 The waiting is over! Casper 2.0 is live on May 6th! 🎉

After months of anticipation and hard work, Casper 2.0 is ready for the start on May 6th, and we couldn't be more excited! 🙌

Casper 2.0 is more than an upgrade - it is a leap forward for the Casper Network and a decisive step ... pic.twitter.com/z9utruhoxd

- Casper (@Casper_network) 22. April 2025

Such bold statements have undoubtedly fueled the enthusiasm of the investors because they suggest a significant improvement in the network's skills and the potential for real applications.

The recent change in the project management also contributes to the positive mood.

According to the community member Nick, the team, which was associated with previous delays and unfulfilled promises, was replaced, which uses a new era with stronger management and renewed focus on implementation.

for everyone who questions, why

We saw how the @casper_network completely changed and big updates promoted.

I said beforehand that the names… https://t.co/bduj4lfjh3

- Nick | Crypto crusader (@ncashofficial) 28. April 2025

This change has strengthened the trust of investors who now believe that the network is better positioned to keep its promises and reach its long -term vision.

The combination of a significant technological upgrade and improved leadership has created a perfect storm Bullisher atmosphere that drives CSPR to new heights.

The reaction of the crypto community to these developments was overwhelmingly positive.

The social Sentiment-Metrik of Coinmarketcap shows that 92% of the dealers expect short-term profits, while the social sentiment of the tokens is overturning to a positive attitude is.

In addition, CSPR has started to trend on Google, which indicates increasing public interest and consciousness.

This growing attention from investors and the wider public has further reinforced the upward moment of the token because more people try to benefit from their potential.

on-chain data also support the bullish story. In the past two days alone, over $ 1.7 million have been deducted from stock exchanges, which indicates that investors transfer their tokens into self-custody wallets.

This trend typically indicates a decline in immediate sales pressure, since owners are less inclined to liquidate their positions quickly.

In addition, the open interest in futures has achieved a five-month high with $ 6.64 million, compared to only $ 836,000 a month ago, according to Coinglass .

The simultaneous increase in the price and the open interest is a classic signal for an increasing bullish mood, since more dealers position themselves for further profits.

The funding rates have also remained positive in the last six days, which means that retailers who go long, pay less than those who bet against the token.

This is another clear indication of a bullish market development, since it shows that the majority of dealers are confident in CSPR’s upward trend.

The convergence of these on-chain and market metrics draws a convincing picture of a token that is ready for continuous growth.

CSPRSPRISE Analysis

Technically speaking, the price movement of CSPR is just as impressive.

The token recently broke out of a falling wedge that has been a limited price in the past five months.

This outbreak is a significant development because it potentially signals a reversal of the previous downward trend and shows the beginning of a new bullish phase.

The outbreak went hand in hand with an increase in the commercial volume, which further confirms the strength of the move.

The Moving Average Convergence Divergence (MACD) Indicator also turned upwards, which indicates a growing bullish momentum.

The MACD lines are now tending upwards, which indicates that buyers have a firm control.

In addition, the AROON UP indicator is 100%, while the AROON Down is 0%, which illustrates the dominance of buyers on the market.

These technical indicators together reinforce the bullish outlook for Cspr.

However, it is important to note that the relative strength index (RSI) was in the overbought area in the last two days, which indicates that the token may need a short -term cooling phase before continuing its upward trend.

A short reset could offer a healthy correction that enables the market to resize and possibly create the framework for a more sustainable rally.

In the immediate future, the goal is $ 0.024, which corresponds to the high of December 2024 and represents a critical level of resistance that CSPRs could not break through twice in the second half of 2024.

If the token can exceed this level, this could pave the way for a larger upswing towards $ 0.10 or higher.

The local level of support is $ 0.0097 on the underside, which could be relevant if there is a reset.

While the upgrade is approaching on May 6th, all eyes will be on CSPR to see whether the token can keep its momentum and reach new milestones.