- The TEL token breaks above the consolidation range to grow 12.90% in the past 24 hours.
- TEL moves above the parabolic SAR, indicating an uptrend.
- The TEL/BTC token pair is trading at 0.000000533 BTC with an intraday down move of +10.88%.
TEL Token price brokes out of the consolidation phase in the daily chart with a 22% jump. The price action indicates a boom in underlying bullish that may drive the price higher to the $0.037 mark.
In the past few days, the growth in overall buying pressure casts a strong uptrend that may help the prices sustain above $0.023. Thus, investors may find a sweet entry with low risk at the retest o $0.023
As per the daily timeframe, the coin price trades above all the significant EMAs – 20, 50, 100, 200 with a significant gap. Moreover, the EMAs are rising higher and may soon attain bullish alignment.
The TEL Token price is currently valued at $0.02613, with a +12.90% gain in the market capital within the past day, indicating the underlying bullishness is on the rise.
The intraday trading volume of TEL has increased 65.36% in the last 24 hours, representing a bang in the buyer’s interests as the price breaks above the bullish pattern.
TEL Token In 4-Hour Chart
The TEL token price rises higher after the consolidation phase but fails to sustain the bullish momentum of the higher price rejection. However, the crypto asset may soon drive higher post-retest.
RSI indicates a rise underlying bullishness as the slope of RSI approaches the overbought zone.
ADX indicators project a rise in the trend momentum.
Conclusion – TEL Token price may soon sustain above the $0.023 mark, and the trend may show some rally as the level is a high volume area. Moreover, the retest may act as an entry spot for various bullish traders and investors.
Support – $0.023 and $0.021
Resistance– $0.029 and $0.037