Telcoin (TELUSD) Flips a Strong Resistance Level
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Telcoin (TELUSD) Flips a Strong Resistance Level

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Azeez Mustapha

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Telcoin (TELUSD) Price Forecast: January 23

Today, due to an increase in demand for the TELUSD pair, the coin flips a strong resistance level and trades firmly in a bullish direction above the supply levels. The bulls are changing the game as coin offers a good buy at the $0.0043 daily candle, trying hard not to fall by resisting sellers. Therefore, if the bulls’ pressure breaks up the prior resistance level of $0.0067, the price may increase further to an upper resistance range of $0.0070, signaling the potential for significant gains for buyers as the bull trend continues.

Key Levels:
Resistance Levels: $0.0065 $0.0066, $0.0067
Support Levels:    $0.0032, $0.0031, $0.0030

TEL (USD) Long-term Trend: Bullish (Daily Chart)

The Telcoin market remains bullish, trading firmly above the supply trend levels in its higher time frames. Prices are trading above the moving average lines, indicating an uptrend.
Telcoin (TELUSD) Flips a Strong Resistance Level However, the previous action at the $0.0039 high has sustained the coin price above the crucial line in its recent correction.

Today, the TELUSD pair appears favorable for buyers, having flipped a strong resistance level at $0.0043, which is above the moving averages on the daily chart. This encourages buyers to invest, as potential future gains are likely.

Thus, a possible breakout from the current retracement may surge the buying momentum and push prices to hit the previous resistance of $0.0067, as it experiences a remarkable surge.

Hence, advancement may occur, as shown by the Telcoin market, suggesting an uptrend on the daily signal.

As a result, gains and strength from the coin might push the token price to hit the $0.0070 upper resistance level in the coming days as it flips a strong resistance above the supply trend lines in its higher time frame as the bulls change the game.

TEL (USD) Medium-term Trend: Bullish (4H Chart)

The medium-term market value of Telcoin is in a bullish direction, as seen from the chart below.
Telcoin (TELUSD) Flips a Strong Resistance Level
The coin price flips a strong resistance above the crucial level, confirming a bullish race.

The bullishness in its recent high has been aided by the bulls’ strong order flow at the $0.0039 high value in the previous trading session.

Telcoin Is Changing the Game

When Telcoin is the fuel driving the global blockchain, verified by well-known #MNOs, that’s when the true token demand arises. By design, scarce and competitive consumption. Remember the design of the network.

At the time of writing, the bulls are changing the game as TELUSD’s price flips a strong resistance to a $0.0043 mark above the EMA-50 towards the upper range after the recent threat of increasing, resulting in an intraday gain for coin buyers.

Meanwhile, pushing the coin price above the current resistance channel requires additional efforts from the long-term investors.

However, there is a possibility of a further increase in the price of Telcoin if long traders can increase their price actions and all the current support holds in place; a psychological key level at the $0.0067 supply might be reached soon as it continues to soar towards the upper range in its medium-term forecast.

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