- Telcoin’s price surged 76% in a week, breaking past $0.01 and reinforcing bullish market sentiment with sustained buy-side pressure.
- Market cap reached $1.09 billion, while 24-hour trading volume climbed 38%, signaling increasing investor interest and upward momentum.
- The next key target for TEL is $0.04193499, a potential 255% increase if the current uptrend holds strong in the coming sessions.
Telcoin has surged beyond the 1-cent threshold, demonstrating strong upward momentum as it continues to register higher highs. The price movement suggests sustained bullish view, positioning TEL for further gains in the ongoing uptrend.
TEL Breaks Key Resistance, Maintains Uptrend
Telcoin’s recent breakout past $0.01 marks a technical achievement, signaling strength in market demand. The asset has maintained its trajectory with consistent price appreciation, reinforcing its bullish trend. The recent price movement has resulted in new local highs, indicating strong buying pressure and momentum.
Javon Marks a technical analyst has noted Telcoin’s historical price action with a visible downtrend followed by a corrective structure. The price formed multiple higher lows, indicating a shift in market momentum. A breakout from previous resistance levels occurred, leading to the current bullish structure.
Two price targets are marked above the current level, suggesting further upward movement. The price remains in an uptrend, supported by a series of impulsive waves. With Telcoin now trading above $0.01, the next key price target remains at $0.04193499.
Achieving this level would represent an increase of over 255% from the current price. The continued upward trend suggests that further gains remain possible, provided the current momentum holds.
Market Performance Indicates Strong Buy-Side Activity
CoinMarketCap data indicates that Telcoin’s price increased by 76.33% in seven days, reaching $0.01197. The market cap rose to $1.09 billion, reflecting a 0.82% increase. The 24-hour trading volume surged 38.26% to $28.43 million. Fully diluted valuation stood at $1.19 billion as the circulating supply read at 91.87 billion TEL.
The recent price surge indicates an ongoing uptrend, with TEL consistently breaking resistance levels. The ability to sustain above $0.01 could serve as a foundation for further upward movement. The next resistance remains at $0.04193499, and maintaining current momentum could position TEL for continued gains.
