Telcoin Price Prediction 2022 – Will TEL Hit $0.07 Soon?
- Bullish TEL price prediction is $0.011 to $0.065.
- TEL price might also reach $0.07 soon.
- TEL bearish market price prediction for 2022 is $0.001.
In Telcoin’s (TEL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about TEL to analyze the future movement of the cryptocurrency.
Telcoin Current Market Status
According to CoinGecko, the price of TEL is $0.008 with a 24-hour trading volume of $21,380,543 at the time of writing. However, TEL has increased nearly 4.4% in the last 24 hours.
Moreover, TEL has a circulating supply of 61,355,879,320 TEL. Currently, TEL trades in cryptocurrency exchanges such as Bybit, KuCoin, HitBTC, Bitrue, and Uniswap (V3).
What is Telcoin (TEL)?
Telcoin (TEL) is a decentralized crypto platform based on Ethereum. It was launched in Singapore in July 2017. It has become a link connecting the cryptocurrency, blockchain and telecommunications industries.
The project aims to work with telecommunications industry leaders such as Verizon and AT&T to eliminate confusion between payment platforms and mobile money.
Telcoin’s main focus is the remittance market, and Western Union is currently the undisputed leader in this market. Telcoin cooperates with global telecommunications and mobile money platforms to provide users with fast and affordable digital transfers to mobile money platforms and e-wallets.
Telcoin (TEL) Price Prediction 2022
Telcoin holds the 151st position on CoinGecko right now. TEL price prediction 2022 is explained below with a weekly time frame.
A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend. The space between the trendline is the descending channel, which falls under the broad category of trend channels. It is a bearish chart pattern defined by a trendline supporting the series of lower lows and a diagonal resistance level connecting the lower highs.
Currently, TEL is in the range of $0.0082. If the pattern continues, the price of TEL might reach the resistance level of $0.023 and $0.05. If the trend reverses, then the price of TEL may fall to $0.005.
Telcoin (TEL) Support and Resistance Level
The below chart shows the support and resistance level of TEL.
From the above daily time frame, it is clear the following are the resistance and support levels of TEL.
- Resistance Level 1 – $0.011
- Resistance Level 2 – $0.023
- Resistance Level 3 – $0.037
- Resistance Level 4 – $0.065
- Support Level 1 – $0.006
- Support Level 2 – $0.002
- Support Level 3 – $0.001
The charts show that TEL has performed a bullish trend over the past month. If this trend continues, TEL might run along with the bulls overtaking its resistance level at $0.065.
Accordingly, if the investors turn against the crypto, the price of the TEL might plummet to almost $0.001, a bearish signal.
Telcoin Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of TEL is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of TEL lies below the cutoff line, indicating weaker participants in the current trend.
More so, the TEL’s Moving Average (MA) is shown in the chart above. Currently, TEL is in a bearish state. Notably, the TEL price lies below 50 MA (short-term), so it is TELletely in a downward trend. Therefore, there is a possibility of a reversal trend of TEL at any time.
Meanwhile, the relative strength index (RSI) of the TEL is at level 47.11. This means that TEL is in a nearly oversold state. However, this means a major price reversal of TEL may occur in the upcoming days. So, traders need to trade carefully.
Telcoin Price Prediction 2022 — ADX, RVI
Let us now look at Telcoin’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Telcoin. Currently, TEL lies in the range of 17.15, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of TEL. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of TEL lies above the 50 levels, indicating that the direction of volatility is high. In fact, TEL’s RSI is at 47.11 level thus confirming a potential sell signal.
Comparison of TEL with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Telcoin.
From the above chart, we can identify the trend of the ETH, BTC, and TEL is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and TEL also increases or decreases respectively.
Conclusion
With continuous improvements in the Telcoin network, we can say that 2022 is a good year for TEL. For this reason, the bullish price prediction of Telcoin in 2022 is $0.065. On the other hand, the bearish TEL price prediction for 2022 is $0.001.
Furthermore, with the advancements and upgrades on the TEL ecosystem, the performance of TEL would help to reach above its current all-time high (ATH) $0.037 very soon. But, it might also reach $0.07 if the investors believe that TEL is a good investment in 2022.
FAQ
Telcoin offers low cost, high quality financial products to every mobile phone user in the world.
TEL has listed on many crypto exchanges which include Bybit, KuCoin, HitBTC, Bitrue, and Uniswap (V3).
With the ongoing developments and upgrades within the TEL platform, it has a high possibility of reaching its ATH soon.
On May 11, 2021, TEL reached its new all-time high (ATH) of $0.06.
Telcoin (TEL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of TEL in the past few months, TEL is considered a good investment in 2022.
Telcoin (TEL) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Telcoin (TEL) will hit $0.07 soon.
Telcoin (TEL) price is expected to reach $0.1 by 2023.
Telcoin (TEL) price is expected to reach $0.35 by 2024.
Telcoin (TEL) price is expected to reach $0.5 by 2025.
Telcoin (TEL) price is expected to reach $1 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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