At the time of writing TEL is being traded at the rate of $0.0129 with an increase of almost 25% within the last 24 hours.
The low within this tenure was around $0.009901 and the high was approximately $0.01381. The coin as being in the watchlist of many traders makes it rank all the way up to number 114th according to the latest data released by coin market cap.
TEL made its all-time high in the month of May 2021 where it reached an enormous amount of $0.0649. It later fell down to a price of $0.00918 during the crash from where it showed reversal. At the moment it has a daily volume of $27,466,501 with an increase of 143.41% within the last 24 hours. The circulating supply of TEL is now around 57.5B and the maximum supply is 100B. TEL has a dominance of 0.03%.
The top exchanges for trading TEL are currently Kucoin, Uniswap.
Technical Analysis – Telcoin
TEL has been one of the slow gainers in the market. It had been slow gainers in the market. After it reached above $0.030 we saw a massive decline in the price of TEL and the downfall for the price started. Now the price tried to get out of this trend line but has been facing resistance and it would require a huge amount of volume.
It can be seen that during the drop of BTC, we saw that the price of TEL hadn’t been affected much.
If the price gets out of the descending channel, we can look for a possible entry at the retest of the price. Looking for additional confluences is important. If the price fails to break out and closes back in again, we can expect the price to go down even lower. Otherwise, we can expect a shot towards the upside with a possible target around the price of $0.02
Price Prediction – Telcoin (TEL)
Even though TEL has been one of the slow gainers and hasn’t been able to break out successfully. But in the long run, traders are highly bullish on the project. The price is currently at the same level where it was in July and has completely retraced back. According to the wallet investor, the price of TEL is to reach a value of $0.0314 in a year. IN five years, it would reach around $0.112.
