- Bullish Telcoin (TEL) price prediction ranges from $0.005 to $0.01.
- Analysis suggests that the TEL price might reach above $0.009.
- The Telcoin bearish market price prediction for 2024 is $0.003.
Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Telcoin (TEL) is one of them.
Telcoin is one of several new initiatives aiming to increase the number of use cases for cryptocurrencies by increasing transaction speeds and decreasing the amount of time it takes for transactions to be pronounced final on its network.
If you are interested in the future of TEL and want to know its predicted value for 2024, 2025, and 2030, keep reading!
Telcoin (TEL) Price Prediction 2024-2050 Overview
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | 0.0085 | $0.01 | 0.025 |
| 2025 | $0.025 | $0.055 | 0.080 |
| 2026 | $0.09 | $0.15 | $0.35 |
| 2027 | $0.35 | $0.56 | $0.85 |
| 2028 | $1.2 | $1.7 | $2.3 |
| 2029 | $1.7 | $3.5 | $6 |
| 2030 | $3 | $6 | $8 |
| 2040 | $13 | $15 | $21 |
| 2050 | $18 | $25 | $30 |
What is Telcoin (TEL)?
Telcoin (TEL) is the cryptocurrency that powers Telcoin’s decentralized financial platform. It serves as a medium of exchange, a reserve asset, and a core protocol token. TEL allows users to easily access a global suite of decentralized financial services while rewarding telecom providers and active participants for contributing value to the ecosystem. Telcoin’s mission is to provide fast, affordable, and user-owned financial solutions to every mobile phone user worldwide.
Telcoin (TEL) Price Analysis 2024
Will Telcoin ’s most recent improvements, additions, and modifications to its blockchain help its native token TEL’s price rise? Read more to find out about TEL’s 2024 price analysis.
Telcoin (TEL) Price Analysis – Bollinger Bands
The Bollinger bands are primarily three bands– the upper band, middle band and lower band. These bands expand and contract based on the market dynamics. The middle band is the average, while the upper band and lower band are the extreme ends that the price rises or falls to. Based on how the traders interact, the bands expand and contract. When the band expands, there could be a rise or fall of price by a huge margin. However, on the contrary when the band shrinks, there is not going to be much fluctuation in prices.
After losing value since mid March TEL has recovered from the fall quite impressively. The buyers pulled off a great act as TEL rose triumphantly while testing the upper Bollinger. At press time Telcoin is touching the upper Bollinger, hence, there could be a retracement awaiting Telcoin in the near future. However, if the buyers keep entering the market, TEL may not retrace at all but may keep on climbing higher.
Telcoin (TEL) Price Analysis – Relative Strength Index
The Relative Strength Index (RSI) indicator used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions.
When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold (<30), many are selling, as such, its price is undervalued.
Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish.
The RSI for TEL currently reads a value of 86 and is in the middle of the overbought region. This shows that the buyers have hyped the demand for TEL so much so, that it is currently overvalued at $0.005. As such, there could be a correction of prices in the future. An early signal that may show the end of the uptrend is when the RSI starts to fall and cross the SMA. The RSI is already facing downwards, therefore, the end of the uptrend for TEL might be near.
Telcoin (TEL) Price Analysis – Moving Average Convergence and Divergence (MACD)
The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-Day EMA and the shorter is the 12-Day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive that means the crypto is performing but if it’s negative, then it is losing value.The histogram in the indicator turns green when the MACD is above the SMA and becomes red when the MACD falls below the SMA.
The MACD reads a value of 0.00085 and is above the SMA. This shows that TEL is performing well within the last 12-days. However, this uptrend of TEL could come to an end. Traders may need to watch out for the MACD curving backwards. More importantly when the MACD curves back and crosses the SMA, it is usually time up for the uptrend.
Telcoin (TEL) Price Prediction 2024
When looking at the chart above, it could be noted that Telcoin has been heavily reliant on support near $0.001. Whenever it faced rejection, TEL found $0.001 to be a good place to rebound off. Since TEL is currently around $0.005, it will be interesting to see how it reacts when it faces resistance. All the indicators state that TEL is overbought, hence, a correction might be coming for TEL. The question is will the correction turn into a rejection. If it’s only a market correction, TEL may find support at $0.003, however, if it is a rejection, Telcoin may fall to $0.001. On the positive side, if TEL keeps its uptrend, there is a high chance that it could reach $0.009.
Telcoin (TEL) Price Prediction – Resistance and Support Levels
The above chart shows that the resistance level at $0.001 has been of great help to Telcoin. The resistance near $0.003 has been formidable as TEL stumbled upon it on numerous occasions. Most of TEL’s activity has been between $0.001 and $0.003, however, with the bull run in play things may change for the better for Telcoin.
Telcoin (TEL) Price Prediction 2025
TEL may experience the after-effects of the Bitcoin halving and there is a high chance that it could trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, Telcoin will continue to rise in 2025 forming new resistance levels. It is expected that Telcoin (TEL) will trade beyond the $0.055 level.
Telcoin (TEL) Price Prediction 2026
As per the market cycle, it is expected that after a long period of bull run, the bears will come into power and start negatively impacting the cryptocurrencies. However, in TEL’s case it does seem to be the case, as the bear had no control over the bulls. Hence, TEL’s could reach around $0.150 by 2026.
Telcoin (TEL) Price Prediction 2027
During this period, TEL will start to shed value as the traders start to sell TEL and reap the benefits. Therefore Telcoin ’s price might reach as low as $0.56 by the end of 2027.
Telcoin (TEL) Price Prediction 2028
As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, Telcoin may reciprocate its past behavior during the BTC halving. Hence, Telcoin (TEL) would be trading at $1.7 after experiencing a considerable surge by the end of 2028.
Telcoin (TEL) Price Prediction 2029
2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, Telcoin (TEL) could be trading at $3.5 by the end of 2029.
Telcoin (TEL) Price Prediction 2030
After witnessing a bullish run in the market, Telcoin and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Telcoin (TEL) could be trading at $6.
Telcoin (TEL) Price Prediction 2040
The long-term forecast for Telcoin indicates that this altcoin could reach a new all-time high (ATH). This would be one of the key moments as HODLERS may expect to sell some of their Coins at the ATH point.
If they start selling then Telcoin could fall in value. It is expected that the average price of Telcoin (TEL) could reach $15 by 2040.
Telcoin (TEL) Price Prediction 2050
Since Cryptocurrency will be revered and widely accepted by most people during the 2050s, we will see the masses believe more in it. As such Telcoin (TEL) could reach $25.
Conclusion
Telcoin is currently rising from the ashes and it seems to be sailing high. With the bull run coming in 2025 TEL could reach above $0.01 very soon.
FAQ
Telcoin (TEL) is the native cryptocurrency serving as the medium of exchange, reserve asset, and protocol token for Telcoin’s user-owned, decentralized financial platform.
Telcoin is available on many exchanges like KuCoin,Uniswap etc.
With much potential in the market for Telcoin, there is a high probability that Telcoin could reach the All Time High.
Since TEL is currently on an uptrend, it could reach $0.01 in no time.
TEL is currently rising with the bull run around the corner therefore Telcoin could be a good investment.
The lowest price of Telcoin is $0.004805.
The maximum supply of Telcoin is 100B Telcoin.
Telcoin could be stored in a hot or cold wallet, or exchange wallet.
Telcoin is expected to reach $0.01 by 2024.
Telcoin is expected to reach $0.055 by 2025.
Telcoin is expected to reach $0.150 by 2026.
Telcoin is expected to reach $0.56 by 2027.
Telcoin is expected to reach $1.7 by 2028.
Telcoin is expected to reach $3.5 by 2029.
Telcoin is expected to reach $6 by 2030.
Telcoin is expected to reach $15 by 2040.
Telcoin is expected to reach $25 by 2050.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/telcoin-tel-price-prediction/