Telcoin's Rise and Fall: Will $0.0059 Support Endure Against Profit-Taking?
Profit-Taking Triggers Decline: Telcoin (TEL) experienced a 10.26% drop after an 83% rally, as traders locked in profits near resistance at $0.0067, coinciding with a broader 4.1% decline in the crypto market.
Overbought Conditions Indicate Correction: The Relative Strength Index (RSI) for Telcoin reached 74.77, suggesting overbought conditions and potential for a short-term price correction, especially after rejecting a move higher at the Fibonacci extension level of $0.0082.
Market Sentiment and Selling Pressure: The "Extreme Fear" sentiment in the crypto market has intensified selling pressure on riskier assets like Telcoin, making it more susceptible to price swings amid a broader market downturn.
Critical Support Level to Watch: Traders are advised to monitor the critical support level at $0.0059, as a close below this level could indicate a deeper correction, while stabilization above it may signal a recovery.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TEL
Technical Sentiment Analysis for Telcoin (TEL) As of , Telcoin (TEL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TEL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TEL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Telcoin (TEL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00125 | 0.0018 | 0.00234 | 0.00289 | 0.00344 | 0.00399 | 0.00454 |
| Fibonacci | 0.0018 | 0.00222 | 0.00248 | 0.00289 | 0.00331 | 0.00357 | 0.00399 |
About TEL
About the author







