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
Cryptocurrency Fear and Greed Index Falls to 8 Today, Market Extreme Panic Sentiment Deepens
Gate News reported that on March 23rd, according to Alternative.me data, today's cryptocurrency fear and greed index fell to 8, declining further from yesterday's 10. The index indicates the market is currently in a state of extreme panic, with panic sentiment continuing to deepen.
GateNews40m ago
The Hormuz Strait crisis remains unresolved, and Bitcoin has fallen below 68K.
Affected by the US-Iran conflict, global markets have been severely impacted, with the S&P 500 Index declining for four consecutive weeks. Gold has experienced a modest rebound around $4,500, while oil prices remain stable at elevated levels. Trump has issued an ultimatum to Iran, with potential escalation of conflict between the two sides. Bitcoin and Ethereum have also declined in tandem, and market sentiment has turned conservative.
ChainNewsAbmedia52m ago
River (RIVER) Price Keeps Pumping as TD Indicator Signals Another Rally
Analyst Ali Martinez highlights the accuracy of the TD Sequential indicator in predicting River (RIVER) price movements. The indicator has consistently identified significant buy and sell signals throughout RIVER's volatility, suggesting potential future trends based on current signals.
CaptainAltcoin2h ago
ETH 15-minute decline of 0.88%: Capital outflow dominates market, intensifying short-term selling pressure
On March 22, 2026, from 21:00 to 21:15 (UTC), Ethereum (ETH) recorded a -0.88% return rate within 15 minutes, with the price fluctuating in the range of 2029.54 to 2060.75 USDT, reaching an amplitude of 1.52%. Market attention has increased, short-term volatility has significantly intensified, reflecting rapid conversion of funding pressure into price pressure.
The main driver of this anomaly is accelerated capital outflows from trading platforms: approximately 420,690 USD equivalent of ETH flowed in within 10 minutes, but the number of withdrawals reached 2,319 transactions in the past 1 hour, far exceeding deposits during the same period by 5
GateNews3h ago
BTC Drops 0.58% in 15 Minutes: Tight Liquidity and Institutional Hedging Create Downward Pressure
2026-03-22 21:00 to 21:15 (UTC), BTC recorded a -0.58% return within just 15 minutes, with prices fluctuating in the range of 67562.1 to 68223.5 USDT, with an amplitude of 0.97%. During this period, market sentiment was highly tense, overall attention increased, and short-term volatility accelerated noticeably.
The main driving force behind this anomaly was the resonance formed by spot market liquidity shortage and medium-sized funds accelerating their exit. On-chain data shows a significant net outflow of -371.99 BTC in the $100k-$1M transaction range, driving selling
GateNews3h ago
Risk-Off Drips throughout Markets
Geopolitical tensions and rising uncertainty have led to a risk-off sentiment in global markets, with investors moving away from assets like Bitcoin and Ethereum. High oil prices and inflation concerns influenced portfolio adjustments, while Bitcoin selling pressure increased as short-term holders took profits. The market remains sensitive amid low sentiment.
CryptoBreaking3h ago
