Telcoin Price Prediction – Will TEL Price Hit $0.05 Soon?
- Bullish TEL price prediction ranges from $0.0142 to $0.0259.
- TEL price might also reach $0.05 soon.
- TEL bearish market price prediction for 2022 is $0.0043.
This Telcoin (TEL) price prediction 2022 article is based on technical analysis alone. Below, you will see the key measures that we have taken into consideration upon coming up with the TEL price analysis and prediction.
Among the cryptocurrencies that are rallying this year, Telcoin is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today.
But for those that are aware, Telcoin has been around since 2017. It recently made headlines after hitting almost $0.0649 on May 11, 2021.
Can Telcoin reach $0.1 in 2022? We will find out shortly. But before we proceed to our Telcoin price analysis, let us first answer the question “What is Telcoin?” in this TEL prediction 2022 article.
What is Telcoin (TEL)?
Telcoin (TEL) is Ethereum-based decentralized crypto developed in July 2017 in Singapore to be the bridge between cryptos, blockchain, and the telecommunication platform. The project aims to collaborate with leading names in the telecoms platforms like Verizon and AT&T to remove the hassle that remains between billing platforms and mobile money.
The main aim of Telcoin is the remittance market, where Western Union is presently the clear leader. Telcoin is collaborating with global telecoms and mobile money firms to offer users high-speed, low-cost digital remittances to mobile money platforms and e-wallets.
Telcoin (TEL) is an Ethereum blockchain-based ERC-20 token. TEL is utilized in the Telcoin ecosystem for making payments on e-commerce websites.
Now that we have an idea about TEL, do you think TEL will be profitable crypto in 2022? Join me and let us see the charts in this TEL price analysis and TEL price prediction.
Telcoin (TEL) Current Market Status
As of the time of writing this Telcoin (TEL) price analysis, TEL trades at $0.0054 with a 24-hour trading volume of $6,318,142. More so, the price of TEL has increased by 10.53% in the last 24 hours.
Furthermore, TEL has a current circulating supply of 59.99B TEL. Currently, the top cryptocurrency exchanges for TEL are KuCoin, HitBTC, Bilaxy, 1inch Exchange, and Bitbns.
Now, let’s proceed to the next part of this TEL technical analysis for 2022.
Telcoin (TEL) Price Analysis 2022
Currently, Telcoin (TEL) holds 200th place on CoinGecko. But will the latest upgrades, development, and changes in the TEL blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this TEL price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for TEL/USDT, we can deduce that the price of Telcoin might get bullish in some days since the price is almost breaking out at the first half of the channel from the bottom. However, in the long-term, the price might get bullish since top cryptocurrencies like Bitcoin and Ethereum are already getting bearish from the recent bullish run.
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of the 1Day chart is 38.08. This shows that Telcoin (TEL) is showing a weak trend since its RSI lies between 30 and 50. This value can trigger a bullish or bearish run if investors reposition themselves either towards the buyers or sellers.
From the chart above, the 200-MA is above the 100-MA which means that long-term investors would gain. However, since the gap between the two moving averages is wide and both moving averages are above the recently formed candlesticks, the price of the coin might consolidate for some duration before increasing soon.
Telcoin (TEL) Price Prediction
The chart below shows that TEL has shown bullish performance over the past few days. If this trend continues, TEL might run along with the bulls, overtaking its resistance level at $0.0049 at resistance1 and surge even more to $0.0259 at resistance5, the 2022 bullish signal.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone crypto to its support level at $0.0043, a bearish signal.
Meanwhile, our long-term TEL price prediction for 2022 is bullish. It has a low possibility of surging over its current all-time-high (ATH) at about $0.0649 this year according to CoinMarketCap. However, that will only take place if it breaks many past psychological resistances.
Telcoin (TEL) Price Prediction 2022
If this bullish trend continues, Telcoin (TEL)) will reach $0.0259 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.0142. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $0.05 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Telcoin (TEL) Price Prediction 2023
The price of Telcoin (TEL) can move even great heights, however reaching $0.1. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency TEL breaks past the psychological resistance level.
Telcoin (TEL) Price Prediction 2024
The price of Telcoin (TEL) can move even great heights, however reaching $0.2. Moreover, this is possible only if the market maintains its bullish trend. In addition, only if the cryptocurrency TEL breaks past the psychological resistance level.
Telcoin (TEL) Price Prediction 2025
In the next four years, Telcoin (TEL) prices could race up to $0.5. However, reaching this level could not be so difficult for Telcoin as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that TEL has a high possibility of reaching a new ATH soon in the next four years as per the prediction.
Telcoin (TEL) Price Prediction 2026
As per the latest upgrades, developments, Telcoin (TEL) price prediction, and new project forecasts of the platform. Moreover, this might boost the price of TEL in the crypto market, and it will be the best investment as the price can spike and reach around $1.
Conclusion
Telcoin (TEL) has a bright future ahead of it in 2022. With the ongoing developments happening within the TEL ecosystem, as well as in the overall crypto market, we may see TEL reach new heights.
Bullish TEL price prediction 2022 is $0.0259. As said above, it may even reach $0.05 if investors have decided that TEL is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
Users can obtain TEL by purchasing them from cryptocurrency exchanges such as KuCoin, HitBTC, Bilaxy, 1inch Exchange, and Bitbns.
TEL is a good investment in 2022. However, TEL has a low possibility of surpassing its current ATH at about $0.0649 this year.
Yes, it’s very much possible that TEL might reach $0.05 in the near future as per the current bullish trend.
Telcoin (TEL) is expected to reach $0.0259 in 2022.
Telcoin (TEL) is expected to reach $0.1 in 2023.
Telcoin (TEL) is expected to reach $0.2 in 2024.
Telcoin (TEL) is expected to reach $0.5 in 2025.
Telcoin (TEL) is expected to reach $1 in 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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