Telcoin (TEL) recorded an increase of 13.3% in just 24 hours, accompanied by a trading volume explosion of up to 177%. This surge stems from testing the important short term support level at 0.00475 USD.
This altcoin is on a long-term upward trend, following a strong breakout in early November due to positive news. On November 12, Telcoin announced that it had received final charter approval from the Nebraska Department of Banking and Finance to launch the Telcoin Digital Asset Bank (, making Telcoin the first blockchain bank.
The flagship product of the bank, eUSD, will be the first US dollar stablecoin issued directly on-chain by a bank. “This demonstrates that a bank can responsibly issue digital currency on-chain while fully complying with the regulations of US authorities,” emphasized Paul Neuner, Founder and CEO of Telcoin.
This information has created a strong wave of demand for TEL, the native token of Telcoin. Just under three weeks after the announcement, TEL has increased by up to 83%. Technical analysis shows that the upward trend continues, but in the past 10 days, the market has been undergoing a consolidation phase, laying a solid foundation for the next advances.
Decoding the upward trend of Telcoin
![])https://img-cdn.gateio.im/webp-social/moments-3b482ef503f98061f2d7e31842c0f758.webp(Daily chart of TEL/USDT | Source: TradingViewThe 1-day timeframe shows that the previous downtrend was broken on 12/11, when the lower peak level of 0.003 USD)orange( was surpassed, paving the way for new swing points of the uptrend. The important bottom level of 0.00446 USD continues to serve as key support, helping the uptrend maintain stability. Meanwhile, the unbroken supply zone)white box( from 0.0056–0.0061 USD remains the resistance level to watch.
![])https://img-cdn.gateio.im/webp-social/moments-62ab3330001804616dce1b4d574900ff.webp(TEL/USDT hourly chart | Source: TradingViewOn the 1-hour chart, TEL is fluctuating within a 9-day )purple( range from 0.0047 to 0.0057 USD, with the midpoint of 0.0052 USD acting as both support and resistance in recent sessions. The OBV index has increased significantly in the last 24 hours, coupled with bullish signals from the MACD, indicating strong buying volume along with upward price momentum.
However, traders should not rush to expect a breakout. Instead, restraining FOMO and taking advantage of the extremes of the trading range to buy and sell TEL will be more effective, especially when the short-term price action and indicators still lean towards a bullish trend. In other words, TEL is not a coin to “buy immediately”, but a token suitable for short-term traders to take profits.
SN_Nour
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump Warns of a Ceasefire in “2 to 3 Weeks”! Bitcoin Soars Past $69,000, With the “Top 3 Bullish Catalysts” in Play
The Middle East situation has taken a turn, with U.S. President Trump predicting that the Iran–U.S. conflict will end within 2 to 3 weeks, triggering a rebound in global markets. Asian stocks logged their strongest gains in months, while the U.S. stock market and the cryptocurrency market also rose. Iran has expressed a willingness to end the conflict, and if the United Arab Emirates joins the fighting, it could affect oil prices. As market sentiment improves, the launch of cryptocurrency ETFs is expected to bring in new capital, driving the market trend higher.
区块客15m ago
Altcoin Pump Expectations Grow Stronger as Expert Highlights Multiple Bullish Altseason Signals
Altcoin pump expectations grow stronger as expert highlights bullish signals.
The analyst and trader shares multiple bullish altseason signals.
Major price pump movements are expected soon for altcoins.
With the price of Bitcoin (BTC) showing signs of slow decline on the horizon, analyst
CryptoNewsLand25m ago
Here’s Why Stable (STABLE) Price Is Pumping Today
STABLE price is having a strong day in the market. The token is up by over 25%, now trading around $0.02966 at writing. That move has pushed it to the top gainer spot, drawing a lot of attention from traders.
What really stands out is the spike in activity behind the move, with trading
CaptainAltcoin30m ago
Crypto rebounds as oil dips on Trump comments, but derivatives signal weak conviction
Crypto markets saw a rally with Bitcoin and Ether rising amidst fluctuating oil prices and comments from President Trump about the Iran war. While altcoins like Algorand surged, the broader market remains in a downtrend, with mixed signals in derivatives positioning.
CoinDesk53m ago
‘Extreme Fear’ Is Back but Bitcoin’s Price Recovery Depends on it: Santiment
Bitcoin dipped to a four-week low on Friday at $65,500 after it was rejected at $72,000 a few days earlier, which pushed the overall market sentiment back to ‘extreme fear’ territory.
However, the analysts from Santiment believe this could be the precise push BTC needs to stage a notable
CryptoPotato1h ago
Bitcoin ETF records inflows again after October, as the price stabilizes
Bitcoin ETFs have seen a return of inflows after a period of stagnation, indicating renewed interest from institutional investors despite a significant price drop. The slight decrease in total assets under management reflects resilience and a potential for market recovery.
TapChiBitcoin1h ago
