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The Telcoin price surged 20% in the last 24 hours to trade at $0.01242 as of 09:15 p.m. EST on trading volume that skyrocketed 87% to $34.7 million.
Telcoin Price Strong Bullish Momentum with Parabolic Growth
The TEL price on the 4-hour chart displays a significant bullish trend, marked by a parabolic price curve that has driven the price sharply upward.
After a period of sideways consolidation within the highlighted rectangular zone, the Telcoin price broke out decisively from the $0.0065, leading to an explosive rally. This consolidation served as an accumulation phase before the breakout, and the subsequent price surge confirms strong buying interest.
The parabolic curve drawn illustrates the steep acceleration in price momentum, which often indicates intense buying pressure but can also suggest potential overextension if sustained for too long.
TEL now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a testament of the sustained bullish rally.
Meanwhile, the Relative Strength Index (RSI) stands at 78.26, pushing into the overbought territory (above 70). This suggests that the current momentum is strong.
The Moving Average Convergence Divergence (MACD) line (blue) is above both the signal line (orange) and the zero line, indicating strong bullish momentum. The histogram shows increasing positive momentum, reinforcing the current upward trend.
TEL/USDT Chart Analysis (Tradingview)
TEL Price Prediction
Given the current market conditions, TEL’s strong bullish momentum is likely to continue in the short term, potentially testing higher resistance levels around $0.0135 to $0.0140.
However, with the RSI in overbought territory and the parabolic nature of the Telcoin price rise, a short-term correction or consolidation around $0.0115 to $0.010 is also possible before the next leg up.
Meanwhile, investors are flocking to the presale of Best Wallet (BEST), which YouTuber ClayBro, with over 136K subscribers, says might be the best crypto wallet for 2025.
Best Wallet Presale Soars Past $10 Million
Leading Bitcoin and crypto wallet brand Best Wallet continues to grab headlines with its impressive user statistics after surging past 250,000 monthly active users and 500,000 total users.
One of Best Wallet’s standout features is its “Upcoming Tokens” feature. This flags to investors early the hottest presales in the market.
The Fastest Growing Wallet in Crypto!
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2️⃣ Buy and claim tokens in the app.
3️⃣ Manage all your assets across multiple chains in one place.This is why the Best… pic.twitter.com/AT4yos1CmG
— Best Wallet (@BestWalletHQ) December 30, 2024
It’s got a great track record at identifying promising projects, having already flagged early tokens including Pepe Unchained (PEPU) and Catslap (SLAP), meme coins that delivered 500% and 3,000% gains, respectively, for early investors.
Investors can also stake BEST tokens for a huge 165% annual return.
Best Wallet has just surged past $10 million in funding in its presale, underscoring strong investor confidence in the project.
Currently, BEST tokens are priced at $0.024. Those interested in joining the project should buy $BEST before a price hike in less than 13 hours.
Visit BEST on its official website here.
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