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Telcoin Technical and Fundamental Analysis November 4th

Telcoin Analysis

Fundamentals

Telcoin is a decentralized financial technology platform focused on blockchain-powered mobile financial services.
It has added 82 new cryptocurrencies to its platform, bringing the total number of DeFi assets to 110.
The Telcoin App enables users to store, send, and trade these cryptocurrencies, especially those native to the Polygon Network, offering faster and more affordable transactions.

User Experience Improvements:

Version 3.7 of the Telcoin App introduces a fresh UI/UX with Market View, providing live price updates for all digital assets.
The app also includes a new bottom navigation bar for easy access to Wallet, Trade, Market View, and Account screens.
Users can easily deposit tokens from external accounts into their Telcoin App using a personal wallet address and Deposit QR code.

Geographic Expansion:

Telcoin users in the United States can deposit USDC with a debit card, with plans for bank deposits and withdrawals.
European users in several countries can also deposit USDC into the app and withdraw Euros via SEPA transfer, with plans to expand further in the European Union.

Regulatory Compliance:

Telcoin emphasizes DeFi, an assisted self-custody model, and compliance in the markets it operates in.
It has taken steps to support state-chartered banks in creating digital asset depository institutions.

Recent Price Activity:

Telcoin (TEL) has experienced significant price movements, including a 44.12% increase against the US Dollar in a single day.
TEL's trading volume surged, with most trading occurring on KuCoin's TEL/USDT pair.

Sentiment

Bitcoin Fear and Greed: 65 Greed
The Telfam community on X is active and highly engaged.
The Telcoin community anticipates further bullish price activity.

Technicals

Telcoin has broken out above the downward channel that started in May 2021
MACD is bullish on longer time frames.
Broke through the long-term support of 0.0015, which was the same breakout zone in the last bull run of 2021

Monthly Chart

The first green MACD Histogram bar since December 2021 shows a considerable reversal to the upside.
MACD Bullish Cross happened at the close of last month's candle
Monthly volume decreased, showing a turnaround as the volume was sell pressure.
RSI is at 40, which shows TEL at these prices is unvalued in the long term.
OBV has a long way to go upwards. But we’re seeing positive signs of an increase in volume. This is the real opportunity because everyone else hasn’t jumped into it yet.

Daily Chart

MACD is Bullish 21 days in a row now.
50 MA and 200 MA heading towards a golden cross.
Daily volume increasing.
Continuation patterns appear in candlestick patterns.
The last 4 daily candles prove to be a bull flag.
RSI is in overbought territory at 75, which shows bullishness when balanced with all of the other factors.
OBV volume is picking up significantly on the daily. Showing recent interest increasing

.

Support Levels

$0.0009
$0.0015

Resistance Levels on the way to ATH

$0.0029
$0.005
$0.009
$0.014
$0.017
$0.033
$0.065

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