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.
Instead, the price of TEL started an upward movement this week and reclaimed the $0.0045 horizontal level.
Telcoin’s price is also breaking out from the diagonal resistance trendline, although it has not yet confirmed this movement.
If so, TEL coin begins another increase, taking it to the cycle’s high resistance of $0.0125.
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.
