Why Is Telcoin (TEL) Price Pumping Hard Today?

The Telcoin (TEL) price is flying today. TEL is up nearly 13% and trading around $0.006247, making it the strongest mover in the entire market.

Trading volume is climbing fast too, up more than 36%. This isn’t a random bounce, something real is happening behind this move. 

The rally comes at the same time Telcoin is preparing one of the biggest upgrades in its history, and traders are rushing in ahead of it.

The Big Catalyst Behind the Telcoin Price Pump

The excitement began after the community highlighted Telcoin upcoming launch of eUSD, a regulated digital dollar that will be issued directly by Telcoin Bank. 

This isn’t like the usual stablecoins that come from fintech firms or offshore issuers. Telcoin actually secured full approval from Nebraska regulators to run a U.S. digital asset bank, which gives it the legal right to issue a stablecoin inside traditional banking rules.

That kind of approval is rare in crypto. It puts Telcoin in a position where it can connect on-chain payments with real banking infrastructure, telecom networks, and global money flows. 

Since that announcement, the market has been steadily buying. The TEL price is up more than 80% over the past few weeks, and today’s spike is simply the latest reaction to growing confidence that eUSD will become a real product, not just a concept.

What the TEL Chart Is Showing

The chart finally flipped in Telcoin favor. The move started when TEL finally pushed above $0.0056, a level it couldn’t break for weeks. That breakout lifted the chart into a higher zone and showed that buyers were willing to step in with real force.

The long downward trendline that held the price down for months has now been broken. TEL bounced sharply from the demand area below, proving that buyers protected that region instead of letting it sink.

At the moment, the chart is pushing toward $0.0061. If TEL closes above this area, the next target sits around $0.0075, which previously acted as a reaction point.

RSI is sitting in the middle zone, which tells us the move still has room to grow without being overheated.

Source: X/CryptoFront

Moreover, traders have been loading up on exposure. Open interest hit new highs in November, and long positions still have a slight advantage. 

At the same time, some large holders have been selling near previous highs, which creates a bit of a push and pull in the short term. 

Today’s volume jump shows that spot buyers are stepping in with force again. If that continues, whale selling won’t be enough to slow the move.

Read Also: Time to Buy $ARB? Arbitrum Has Seen the Highest Inflows in All of Crypto for 3 Months Straight

However, analyst Crypto Front described the setup as “loading the spring,” and the chart reflects that. TEL spent weeks compressing under resistance before snapping upward through the trendline. Moves like this usually lead to more volatility, and today’s surge fits that pattern perfectly.

TEL Price Outlook

Right now, everything points to momentum staying with the buyers. Telcoin regulatory approval gives the project a level of legitimacy that most crypto tokens can only dream of. 

The upcoming launch of eUSD has created real excitement, and the chart has turned bullish at the exact moment fundamentals are improving.

If the TEL price can break cleanly above $0.0061, the next stop sits near $0.0075. If it gets rejected, price may drift back toward the breakout area around $0.0056. 

But at this moment, Telcoin is showing more strength than it has in months – and the market is responding to a catalyst that actually matters.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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