- The TEL/USDT trading volume has surged by 75% in the last 24 hours.
- The Telcoin price has fallen by 33% in December which indicates selling pressure.
The Telcoin (TEL) price has dropped by 53% since mid-November which shows the dominance of the sellers. Currently, the TEL crypto price has halted near the $0.00140 hurdle and buyers are trying to defend this level as per the price action displayed on the chart.
Current Price – $0.00130 (-1.82%) Fear & Greed Index – 60 (greed)
Price Prediction – $0.00127 (-2.92%) Market Cap – $113.05 million
Sentiment – Bearish Volume – $0.700 million
Volatility – 21.40% RSI – 37.37
Green Days – 14/30 (47%) 200-day EMA – $0.00175
According to this data, the fear and greed index is 60 (greed) and the volatility is 21.40%. The TEL price is predicted to drop by 1.32% to reach $0.00131 by January 22, 2024. The Telcoin crypto price has performed positively for 14 days out of the last 30 days.
The Telcoin price is at $0.00130, the market capitalization is $113.05 million and the 24-hour trading volume is $0.700 million. The Telcoin crypto trading volume has jumped by 75% in the last 24 hours.
Telcoin Price Has Been in a Downtrend; Will It Defend the $0.00100 Mark?
The Telcoin crypto price has witnessed selling pressure in the past few months and the price has slipped below the moving average, which showcases a bearish trend. If the TEL price drops below the $0.00100 mark and forms a strong reversal candle, then buyers may show their interest and the price may rise further.
If the buyers remain positive and the TEL price sustains above the 200-day moving average, a trend traversal can be expected and the price may reach the last swing high in the next few months.
On the other hand, if the Telcoin price fails to defend the $0.00100 level and a rise in selling volume is observed, it means that big players are interested in selling positions and the price may witness a rapid fall.
Technical Indicators
The RSI is at 37 which is heading toward the oversold zone, indicating bearish momentum. The MACD and signal lines are below the neutral line which points to negative momentum ahead.
Telcoin Price Prediction FAQs
What is the Telcoin price prediction today?
The TEL price is predicted to gain 0.00% to reach $0.00131 by today.
What is the Telcoin price prediction for tomorrow?
According to our analysis, the TEL coin price will fall by 1.40% to hit $0.00131 by tomorrow.
What is the Telcoin price prediction for this week?
The Telcoin crypto price is predicted to drop by 5.66% to reach $0.00124 by the end of this week.
What is the current TEL price prediction sentiment?
The Telcoin price prediction sentiment is bearish according to our technical analysis.
What is the Telcoin price prediction for 2024?
The Tecclon price is forecasted to range between $0.00127 & $0.00208. If it reaches an upper price target, TEL could gain 58.04%.
Conclusion
The Telcoin crypto price has been in a strong bullish trend since mid-October but the trend was disturbed near the $0.00280 hurdle and sellers dominated further which led to a strong selling pressure. The Telcoin crypto trading volume has increased suddenly which indicates the presence of big players in the market at the moment.
Technical Levels
Resistance: $0.00180 & $0.00280
Support: $0.00130 & $0.00100
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.
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