Telcoin is a cryptocurrency created by the company called Telcoin Foundation Ltd. which aims to make mobile payments easier and more secure for users. The coin’s price has been on a steady rise since its release, with it reaching a high of $0.5 in January 2019. Will this trend continue?
Telcoin is a cryptocurrency that uses the blockchain to provide a decentralized telecommunications network. It is also used as a payment method in the future. In 2024, it is predicted that telcoin will hit $0.5 per coin.
- The price of Telcoin TEL is expected to rise from $0.04 to $0.12.
- TEL’s price may potentially hit $0.5 in the near future.
- For 2024, TEL’s pessimistic market price forecast is $0.2.
We utilize data, price trends, RSI, and other information about TEL to evaluate the cryptocurrency’s future movement in Telcoin TEL price forecast 2024.
Telcoin (TEL) is an Ethereum-based decentralized crypto network. It was first introduced in Singapore in July of 2017. It’s evolved into a bridge between the bitcoin, blockchain, and telecoms sectors.
The project’s goal is to engage with telecommunications industry heavyweights like Verizon and AT&T to clear up any misunderstandings about payment platforms and mobile money.
The remittance market is Telcoin’s primary emphasis, and Western Union is now the uncontested market leader. Telcoin works with worldwide telecoms and mobile money platforms to offer customers with quick and low-cost digital transfers to mobile money and e-wallets.
At the time of writing, the Telcoin price was $0.029, with a 24-hour trading volume of $18,584,275, according to CoinGecko. TEL, on the other hand, has risen 2.5 percent in the past 24 hours.
TEL also has a quantity of 54,869,406,904 TEL in circulation. TEL is currently traded on HitBTC, KuCoin, Bilaxy, 1inch Exchange, and Bitrue, among other cryptocurrency exchanges.
Price Prediction for Telcoin TEL in 2024
Telcoin (TEL) is currently ranked 61st on CoinGecko. The price of Telcoin TEL in 2024 is forecasted using a daily time period.
TEL/USDT Daily Time Frame Price Chart (Source: TradingView)
TEL/USDT Daily Time Frame Price Chart (Source: TradingView)After a consolidation range, we can observe a three-box breakout pattern in the above chart, which is known as the “Darvas Box Breakout.” Darvas Box will usually form a Consolidation Range and then breakout on either side depending on the bidders. TEL has traded in a range between $0.0005 and $0.0008 in Box Breakout 1. Following that, the price broke through the resistance level and into the Markup zone.
Box Breakout 2 is the second consolidation phase shown in the graphic. TEL moved in a range of $0.003 to $0.0045 throughout that period, and following the breakout ($0.0045), the price entered the Markup zone. Box Breakout 3 is the third consolidation phase indicated in the graphic. TEL moved in a range of $0.0065 to $0.01 throughout that period, until entering the rally zone ($0.1) following the breakout with strong volume surges.
Furthermore, TEL is now trading in a Consolidation phase, with a price range of $0.02 to $0.04. If the price of the token falls below the $0.03 support level, it will fall to the $0.02 support level. Otherwise, if the token’s price breaks apart, it will achieve the $0.12 goal.
TEL Levels of Support and Resistance
TEL’s support and resistance levels are shown in the chart below.
Support and Resistance Levels for TEL/USDT (Source: TradingView)
The resistance and support levels of TEL are clearly visible in the above daily time period.
- $0.064 is the first level of resistance.
- $0.11 is the second level of resistance.
- $0.22 is the third level of resistance.
- Level 1 Support – $0.02
- Level 2 Support – $0.01
- Level 3 Support – $0.0044
Overall, the charts above show that TEL’s negative trend is continuing, and it is conceivable for it to turn around and hit new highs. TEL has also been on a bullish trend for the last month, according to the charts. If the current trend continues, TEL may catch up with the bulls and break over the $0.22 resistance level.
In the event that investors turn against cryptocurrency, the price of TEL may fall to almost $0.004, indicating a negative indication.
Average Directional Index for Telcoin (TEL) (ADX)
Let’s take a look at TEL’s average directional index (ADX). The Average Direction Index (ADX) is a tool that traders may use to assess the strength of a trend. It may be used to see whether the market is shifting or if a new trend is beginning. It contains the ADX line and is linked to the Directional Movement Index (DMI).
Furthermore, the oscillator’s range is 0 to 100. A strong trend is represented by a high value, whereas a weak trend is represented by a low value. It is often used in conjunction with directional indicators.
ADX TEL/USDT (Source: TradingView)
The ADX of TEL remains in the region of 11.8, indicating a sideways trend, as seen in the chart above.
Conclusion
The TEL is one of the cryptos that has managed to hold its footing in a negative market. Our long-term TEL price forecast for 2024 is also optimistic. This year, it has a good chance of surpassing its current all-time high (ATH) of $0.06. TEL, on the other hand, only does this when it overcomes a great deal of previous psychological opposition.
Furthermore, the TEL ecosystem may have a bright future ahead of it in 2024, thanks to continuous advancements and enhancements. It may soon hit 0.5 and even higher levels, but it will only reach $0.65 if investors believe TEL is a solid investment in 2024.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Articles to Consider
Telcoin is a cryptocurrency that has been in the news lately. The coin was launched on August 15, 2018 and it has seen a lot of price fluctuations. Reference: telcoin price prediction reddit.
Frequently Asked Questions
Is Telcoin a good investment 2024?
Telcoin is a new cryptocurrency that was created in 2018. It has not yet been released to the public, so its hard to say whether or not it will be a good investment.
Does Telcoin have a future?
Telcoin is a currency with a future, because it has the potential to become the new global currency.
Will Telcoin price go up?
We have no idea what will happen with the price of Telcoin.
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