Brussels, Europe Brief News – 2021 proved to be a good year for Telcoin investors. The Telecoin price prediction has been a major concern for all the investors of the crypto coin. The price of the coin surged 39000% and hit an all-time high of 0.06499711. This was good news for all the investors who had invested in this digital currency. Since then, TEL has been struggling to overcome the pressure of token sales. According to bulls, the crypto has a high chance of jumping above the previous swing highs.
The price trend for the TEL token trend appears to be in bullish territory. It made a quick recovery from the 2022-year low. Telcoin’s price fluctuations have been providing a V-shaped recovery as the daily price chart is showing massive changes.
Since last week, the currency has recovered 100% of its value. The most recent weekly high of Telecoin has allowed the investors to get hopeful about the future of the currency. However, TEL holders are expected to face a retracement phase. The price went down 6.8% to $0.00817. The Telcoin which belongs to the bitcoin pair is trading down 7.8% at 0.00000001837 satoshis.
In March the Super Trend indicator revealed that there are bullish signals for the TEL token when it comes to the daily price chart. The coin also saw a volatile day in March. Telcoin has achieved a 25% trading volume last night. This volume is rated equivalent to the market capitalization ratio of 0.1829.
Telecoin Price Prediction: Bulls barely attempt to maintain TEL token above 100-EMA
The Telcoin price is trading close to a 100-day EMA. It successfully manages to hold the 20 and 50 EMAs. The bulls seem to be struggling to rise above the 100-EMA line.
The Relative Strength Index (RSI) will be looking towards the overbought zone when it comes to the daily price chart. The RSI will form a high-low before it reaches the sky zone.
The Moving Average Convergence Divergence (MACD) is already trading higher after the bullish crossover. It has moved to positive territory on the daily price chart.
Conclusion
Telcoin price prediction has reversed and that has shown in the previous downward trend. It has been showing a V-shaped recovery. The bears will get an opportunity to sell the coin in the 100-EMA line. TEL holders must maintain the price above the average 100-EMA as soon as possible.
