Why is Telcoin Going Up? | Credit: Veronica Cestari
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Key Takeaways
Telcoin’s (TEL) price has broken out from a descending resistance trendline.
The TEL price is attempting to close above the $0.0045 horizontal resistance level.
Has TEL begun a bullish trend reversal, or is the bounce short-lived?
Telcoin (TEL) is showing signs of life after weeks of steady decline.
The price has bounced sharply from last week’s lows and is now challenging a key resistance level.
The wave count lines up, hinting that the movement may not be just a relief rally.
Let’s examine the charts and figure out if the upward movement will continue.
Why is Telcoin Going Up?
The weekly time frame technical analysis indicates that the price of Telcoin has been falling under a diagonal resistance trend line since its yearly high of $0.0128.
The decline led to last week’s $0.0025 low, breaking the $0.0045 support.
While this was likely to begin a much larger price crash, that did not happen.
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Momentum indicators are also at a critical point, and their breakout depends on the price breaking out.
The Relative Strength Index (RSI) reached its diagonal trend line and is at 50. Similarly, the Moving Average Convergence/Divergence (MACD) made a bullish cross and is nearly 0.
Thus, a TEL breakout confirms the reversal and could trigger more upside.
Telcoin’s Bullish Wave Count
Similar to the price analysis, the wave count suggests that Telcoin will continue to rise.
According to the wave count, TEL has completed an A-B-C structure (red), which has been forming since February 2025 and appears to have ended with last week’s low.
Wave C measured 0.618 of wave A, a common correction ratio.
With the breakout from the trend line, the TEL price has nearly confirmed its bullish trend reversal, and will do so if the weekly closes at the current level.
If that happens, the TEL price could increase by another 250%, hitting the 1.61 external Fibonacci retracement resistance level at $0.0192.
TEL’s Upward Trend Continues
If TEL can secure a strong weekly close above the resistance level, the technical analysis will shift in favor of the bulls.
The Telcoin price action and wave count both suggest bulls are in charge.
A confirmed reversal could set a new yearly high for TEL.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
