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Telcoin shows bullish behavior soaring by 41% in 24hr

source-logo  thecoinrepublic.com 26 July 2021 02:42, UTC
  • Telcoin has surged by more than 41% in just 24-hours in the bullish crypto market
  • TEL is still down by more than 66% from its all-time high price level of May 2021
  • Following the scenario, analysts believe that the crypto coin will continue its bullish rally for a long-term

Telcoin (TEL) is the native cryptocurrency of the Telcoin decentralized finance platform. The digital currency enables end-users to seamlessly access and power a global suite of user-owned, DeFi products. Over the last twenty-four hours, we have observed that the coin has been performing bullishly by rising more than 41.78%. Still, the coin is far from its all-time high price by more than 66%. Notably, the last quarter’s volatility of TEL is positively more than 10%.

Telcoin price is skyrocketing

According to the data from the CoinMarketCap, on Saturday, Telcoin has surged by more than 41% over the past 24-hours, crossing the price level of $0.021. However, at press time, the coin is up by more than 5% over the past 24-hours, trading at the level of $0.02119.

Source: CoinMarketCap

It is also observed that since its establishment, the coin has performed tremendously. Like other crypto assets, TEL has also seen significant growth since the beginning of this year. However, since May 2021, with the market crash, the coin began to decline from its all-time high price level near $0.0624.

Will TEL continue its bullish momentum?

The Telcoin community has seen impressive growth. In the current scenario, the project has more than 71k followers on Twitter. In contrast, there are more than 15k subscribers on its Reddit forum. At press time, the total market capitalization of the digital asset is about $1,145,403,468. 

Source: CoinMarketCap

The past 24-hour traded volume is more than $34k. Following Telcoin’s growth bias since the beginning of this year and its regaining momentum, it seems the coin will continue its bullish momentum. 

Analysts in the cryptosphere believe that TEL’s rally will continue for a longer timeframe. In contrast, according to the stochastic oscillator, a helpful indicator, TEL is deemed to be oversold.

Other major cryptos performance

Where Telcoin has shown some bullish mood, Bitcoin and Ethereum are also soaring. Over the past 24-hours, BTC is up by more than 13%, whereas ETH is up by more than 7%.

At the time of writing, Bitcoin is trading at the price level of $38,587. Whereas, Ethereum is trading at the level of $2,313. Notably, the entire crypto market showed bullish momentum.