TELCOIN (TEL) Price Analysis: Can the Momentum Continue?

Telcoin (TEL) has experienced notable price movement in recent weeks, aligning with the overall bullish sentiment in the cryptocurrency market. Over the past 30 days, TEL has recorded gains exceeding 70%, with a significant portion of this surge occurring within the last two weeks.

As of writing, TEL is priced at approximately $0.006, with a market capitalization of approximately $579 million and a 24-hour trading volume of $3.8 million, according to CoinGecko. This rapid price increase has sparked curiosity about the factors driving TEL’s performance and its potential trajectory in the coming weeks.

Telcoin, a fintech platform integrating blockchain technology with telecommunications and digital banking, has made strides in expanding its ecosystem. Recent developments include progress toward establishing Telcoin Bank, which received conditional approval from the Nebraska Department of Banking and Finance, positioning it as a potential pioneer in regulated digital asset banking in the United States. Additionally, the Telcoin Network, an Ethereum Virtual Machine (EVM)-compatible blockchain secured by mobile network operators, continues to advance, with plans to integrate over 50 mobile networks by the end of 2025, as noted by Telcoin’s CEO, Paul Neuner. These milestones provide context for the recent price activity, though market dynamics and technical factors will ultimately shape TEL’s short-term price direction. 

This article analyzes TEL’s price action to offer insights into its potential movements, equipping readers with actionable information to make informed decisions.

TEL/USDT Price Analysis

Analyzing the TEL/USDT price chart on TradingView, we can observe a descending (falling) wedge pattern on the daily timeframe, which began forming since early March. This pattern is clearly visible by the converging downward-sloping trendlines.

Towards the end of the first quarter of 2025, the TEL price experienced significant volatility and a general downtrend following a peak in late February/early March. Following that sharp rally that peaked in early March, TEL corrected significantly, sinking below key moving averages (EMA 20, 50, 100, 200) as well as the 200-day Moving Average (MA).

This sharp decline was followed by a period of consolidation, with several attempts to reclaim higher price levels and break above resistance lines formed by the downtrend. This consolidation period resulted in a descending wedge, which is typically seen as a bullish pattern, as price often tends to break out upwards (as seen in the chart). 

In early July, TEL broke out of this wedge, indicating a bullish reversal pattern. The breakout was followed by a decent price rally towards $0.00748, the recent local high. Also, the key Moving Averages, the 200MA (currently around $0.00579) and the 200EMA (at approximately $0.005), are currently below the price, flipping to act as dynamic support; this also confirms a shift toward bullish momentum for TEL.

Bullish Scenario

The TEL price is currently retracing after hitting $0.00748, which acted as resistance. If it closes and holds above the upper wedge trendline ($0.0058–$0.0060 zone), an area which previously acted as resistance but now potential support, a bullish bounce is expected. Note that this area also doubles up as the 200-day exponential moving average (200EMA).

If accompanied by strong volume on reversal, this could signal a decent bullish uptrend with targets towards $0.009 or higher, depending on overall market sentiment. But first, the price will have to retest the new local high at $0.00748.

Bearish Scenario

If TEL fails to hold the 200MA ($0.0058–$0.0060 support zone), a breakdown could push price back into the wedge’s prior range. This sets the first bearish target at $0.0050 (EMA confluence zone), with further downside likely pushing it towards the next demand zone of $0.0048–$0.0045 (the descending wedge lower trendline).

Traders should watch out for a false breakout, which would be confirmed if price closes multiple days below the wedge breakout level (~$0.0058), indicating a bull trap.

Conclusion

The chart suggests that TEL price is at a critical juncture. The bullish case depends on holding above key moving averages, while the bearish case hinges on a breakdown below current support levels. Traders are also advised to monitor volume and price action closely for confirmation.

This analysis is provided for educational purposes only and should not be considered financial advice. Cryptocurrency markets are inherently volatile, and investors are encouraged to conduct their own research and consider their risk tolerance before making trading decisions.