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
Investor Who Made Millions With Uber Predicts Bittensor’s TAO Will 200X From Here – But There’s a Catch
Jason Calacanis made his name and his fortune as an early Uber investor. He knows how to spot a winner before the crowd catches on. So when he sat down on his “This Week In Startups” podcast and called TAO the “better Bitcoin,” people listened.
He said TAO could deliver a 200x return over the
CaptainAltcoin5m ago
Ethereum SuperTrend Indicator Turns Bullish for First Time in 10 Months As MVRV Ratio Hits Buy Zone
Expert trader Ali Martinez predicts a potential Ethereum (ETH) price surge following key indicators, including an ascending triangle formation and bullish MVRV ratio. Despite current volatility, optimism grows for a rebound above $3,600 if market conditions improve.
ZyCrypto16m ago
Productive Stablecoins: Closing the $300B Efficiency Gap
What to know:
The Problem: 90% of stables are "dead weight." Issuers take your fiat, buy T-bills, and keep 100% of the yield - a massive "hidden tax" on users.
The Opportunity: Over $11B in DAO treasuries and $1.2B in DEX liquidity is currently unproductive.
Emerging Solutions:
I
CoinDesk35m ago
XRP slides toward $1.35 as liquidation wave signals weak support
XRP has dropped to around $1.35 after a sharp sell-off, influenced by forced liquidations and bearish trader sentiment. The price remains under $1.40, with key support at $1.35 that could determine future volatility and direction.
CoinDesk39m ago
Ukraine's raid disrupts the oil market, Trump's plan is thwarted, and Bitcoin faces the risk of falling below $65,000.
Geopolitical conflicts are reshaping global financial markets, with the situations in Iran and Ukraine leading to rising energy prices, affecting the Federal Reserve's interest rate hike expectations and Bitcoin's value. Analysis indicates that rising energy costs will drive inflation, and the market is focused on Bitcoin's support levels.
GateNews59m ago
Bitunix Analyst: War Delay and Liquidity Contraction Resonance, BTC Stuck in 65K–72K Liquidation Zone
Global market performance looks stable on the surface, but internal imbalances remain. Geopolitical risks still exist. Countries are withdrawing liquidity and stabilizing their domestic currencies through different measures; the inflation logic has shifted somewhat, and a strengthening U.S. dollar reflects liquidity being withdrawn. In the crypto market, BTC is consolidating within a range-bound, choppy zone, with price volatility kept in check. In the short term, it’s necessary to watch for changes in the macro environment to find a trend breakout.
BlockBeatNews1h ago
