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Telcoin Price Analysis: Telcoin Sustains Above 200-EMA During The Day

  • The Telcoin price is positive, around 4.8%, during the intraday trading session.
  • The 24-hour trading volume is at $17 million.
  • TEL/BTC pair is trading positive by 5.4% at 0.00000038 BTC.

Daily technical chart and price trend of Telcoin show a bullish trend. Based on the pivot level, the first support zone is 0.0105 USDT. From another perspective, if it rushes, the resistance level to watch is 0.0230 USDT. Thus, the graph made a bearish harami candle pattern during the day, and the cost is relied upon to remain downside with unwavering medium force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost breaks and sustains above the red ribbon, so it will guarantee an upswing in Telcoin until it’s above the ribbon.

Trading volume (1.916 M) is below the 20-day moving average (7.985 M). To put it plainly, the volume is low, making the cost sustain the pivot levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The RSI indicator gave a signal (bullish) with 52, projecting a purchase signal in the currency. Investors can observe an inclined slope from 38 to 52. It can arise in future trading sessions.

Telcoin Price Gains 14% in a Week

Today’s Telcoin is priced at $0.01809745 and has a 24-hour trading volume of $17,528,963. TEL prices have risen 4.8% in the last 24 hours. The circulation of TEL coins is 57 billion, and the total circulation is 100 billion. The RSI points to a buying signal, and the traders have prompted low volume. In fact, the cost moves towards the pivot levels. In like manner, with the general market perspective, the pattern stays bullish for coming trading days.

Resistance Level: $0.0230

Support Level: $0.0105

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.