Telcoin (TEL) Dips as Market Reacts to Trump’s 100% Tariff on China — Key Levels to Watch

Telcoin (TEL) has come under notable selling pressure in recent weeks, mirroring the broader risk-off sentiment triggered by former U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports. The news has rattled global markets, pushing investors away from risk assets — and TEL has not been spared.

Since late September, TEL’s price has dropped sharply from the $0.0049 zone to around $0.0036, erasing nearly 25% of its value within two weeks. The selloff has placed the token at the edge of a long-term horizontal support zone — a critical technical area that has historically acted as a rebound point for buyers.

Technical Overview

The daily chart shows TEL extending its decline within a descending channel that has persisted since mid-June. The token has broken below all major exponential moving averages (20, 50, 100, and 200-day EMAs), currently clustered between $0.0043 and $0.0049, suggesting sustained bearish momentum.

The most significant observation is TEL’s retest of the $0.0035–$0.0038 support range, marked in red box on the chart. This zone has repeatedly acted as a demand base since March, serving as a springboard for recoveries on multiple occasions. However, the recent bearish candle piercing into this area signals growing downside pressure.

Bearish Scenario

If TEL fails to hold the $0.0035 support, a further drop could ensue toward $0.0030 or even $0.0026, aligning with the lower boundary of the descending channel. This scenario could unfold if macroeconomic uncertainty worsens, or if Bitcoin and the broader altcoin market continue to correct.

The flattening and downward-sloping 200-day moving average reinforces the long-term bearish bias. A daily close below $0.0035 would confirm a breakdown, likely inviting short-term traders to target deeper lows.

Bullish Scenario

On the flip side, bulls may find renewed strength if TEL manages to sustain above the $0.0035 region. A rebound from this area could lead to a short-term recovery toward $0.0042 and $0.0048, where the 50-day EMA and upper channel resistance converge.

A decisive breakout above the $0.0049 level — and ideally a daily close above $0.0050 — would mark a shift in market structure, signaling that buyers are regaining control. Such a move could set the stage for a broader mid-term recovery toward $0.0060–$0.0070, last seen in early September.

Market Sentiment and Outlook

Overall sentiment remains cautious, as traders weigh the geopolitical implications of Trump’s trade policies against a fragile crypto environment. While TEL is showing resilience around its historical support, the broader market uncertainty makes any sustained recovery challenging without a fundamental catalyst.

For now, all eyes remain on the $0.0035 zone — a line that could decide whether Telcoin finds its footing or extends its slide into new multi-month lows.