Key Notes

Key Notes:

Telcoin (TEL) has formed a bullish setup similar to the one formed during the altcoin’s record-forming rally in 2021.Telcoin is a DeFi protocol that has over 5.2 billion active telecom subscribers globally.The MACD indicator for the TEL price action has confirmed a bullish crossover on the daily chart, suggesting a continuation of the rally.

Telcoin TEL $0.0112 24h volatility: 8.7% Market cap: $1.02 B Vol. 24h: $6.14 M witnessed a remarkable 15% price increase in the past 24 hours, reaching a daily high of $0.008094. Alongside this surge, TEL’s trading volume has spiked by 214.10%, now standing at $11.83 million, CoinMarketCap data shows. This significant uptick signals growing investor interest and momentum in the project.

Amid this price surge, investors have expressed their bullish insights for the altcoin. An X (formerly Twitter) user highlighted how TEL is forming a setup for a bullish rally, similar to the one established in early 2021, which resulted in the altcoin claiming an all-time high (ATH) of $0.0649. At the time of writing, Telcoin trades at $0.008070, down 87.58% from the ATH.

It is also important to note that TEL is currently trading well above its 20-day EMA ($0.006786), a sign that it is in a strong uptrend. As long as the price remains above this level, the bullish trend is expected to continue. However, investors should watch out for the resistance levels around $0.0090.

Telcoin (TEL) is a decentralized financial (DeFi) project focused on leveraging telecommunications infrastructure to facilitate rapid and affordable remittances worldwide. By partnering with mobile network operators and mobile money platforms, Telcoin aims to bridge the gap between blockchain finance and traditional mobile financial services.

With over 5.2 billion active telecom subscribers globally, Telcoin taps into a vast audience that is increasingly adopting digital financial solutions. Mobile money platforms already have 1.2 billion users, generating over $2 billion in daily transactions, demonstrating the potential demand for Telcoin’s services.

The daily candlestick chart below shows that TEL has been on an upward trend since November 2024, with a significant breakout occurring in mid-December. After a period of consolidation in January, the recent breakout above key resistance levels suggests strong bullish momentum. The price has surged past $0.0080, reflecting renewed buying pressure.

Source: TradingView

The RSI indicator is currently at 66.62, nearing the overbought territory (70). This suggests that Telcoin still has room for further upside but could face some resistance if the RSI moves above 70.

Meanwhile, the MACD line (blue) has crossed above the signal line (orange), indicating a fresh bullish crossover. The histogram has also turned positive, confirming increasing bullish momentum. If this trend continues, TEL could see further gains in the coming days.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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