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- 1 The TEL price is decisively holding gains and eyeing the $0.005000 mark.
- 2 The Bulls are showing their strength, attempting for a healthy pullback.
The Telcoin price signifies outperformance and decisively holds the gains above the key moving averages. Moreover, the price action shows bullishness, and the bulls are trying to retain the upside of the $0.005000 mark. The trend is intact, and the coin may continue to skyrocket the gains in the following sessions. Furthermore, the token has persisted in forming the higher high swings and is delivering the bullish waves on the charts.
At press time, the Telcoin (TEL) price was trading at $0.004641 with an intraday gain of 11.35%, reflecting bullishness on the charts. It has a monthly return ratio of 201.80% and 115.90% on a yearly basis. The pair of TEL/BTC is at 0.0000000656 BTC, and the market cap is $547.11 Million. Analysts are bullish and suggest that TEL price may continue extending the gains and retest the supply zone of $0.005000 soon.
Telcoin Price-to-Volume Profile Showcased Bull Strength
The above chart showcases the combined metrics of the Telcoin price and trading volume data, which indicates the bullish data. The trading volume noted an incremental view, and the data signifies an up move of over 55.61% to $2.63 million. Furthermore, the Telcoin price held above the significant moving averages and reflected a pullback.
Price Volatility and Sentiment Analysis
Per the Santiment data, the price volatility data noted an average movement, and the curve stands near 0.045, whereas the total weighted sentiment data noted a neutral data, noting around -0.611.
Social Dominance and Development Activity Overview
The social dominance data witnessed a notable decline of around 2.38% to 0.068%, which signifies neutral discussions and media reports. Moreover, the Twitter followers data showed neutral movements, and the value stands near 2, whereas the development activity data replicated a sharp up move of over 11% to 0.071.
The Relative Strength Index (RSI) curve stands above the midline and depicts a positive divergence on the charts. Furthermore, the MACD indicator shows a bullish crossover and formed green bars on the histogram suggest outperformance for the following sessions.
Amidst the market downturn, the TEL price has decisively held the gains and is sustaining gains in the bullish region above the key moving averages. If the token exceeds the $0.005000 mark, it will blast the gains and may catch the upside of the $0.005400 mark soon.
Per the Fibonacci retracement levels, the coin price has sustained above the 50% level and may cross the 61.8% zone. It will continue to stretch the up move in the following sessions.
The total supply of Telcoin is 128.43 billion, and the volume-to-market cap ratio is 0.00474.
Summary
The Telcoin (TEL) price has showcased a rebound and is delivering bullish waves amidst the market downturn in the last sessions. Moreover, the price action shows the buy-on-dips scenario, and the trend is favoring the bulls.
Technical Levels
Support Levels: $0.004300 and $0.004000
Resistance Levels: $0.005000 and $0.005200
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
