Telcoin (TEL) Price Increases 15% with Trading Volume Up 214%
Telcoin (#TEL) has increased by 15% in the last 24 hours, reaching $0.008094. Trading volume surged by 214.10%, totaling $11.83 million. Key points include:
- Current price at $0.008070, down 87.58% from its all-time high of $0.0649.
- Trading above its 20-day EMA of $0.006786, indicating a strong uptrend.
- Resistance levels noted around $0.0090.
Overview
Telcoin (TEL) is a DeFi project utilizing telecommunications infrastructure for efficient remittances globally. It targets over 5.2 billion active telecom subscribers and 1.2 billion mobile money users, with daily transactions exceeding $2 billion.
Price Analysis
Recent trends show an upward trajectory since November 2024, highlighted by a breakout in mid-December. The RSI is currently at 66.62, nearing overbought territory, while the MACD indicates bullish momentum with a crossover pattern.
Source: TradingView