Telcoin: From Zero to… Slightly Less Zero? 🚀

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So, Telcoin. It’s apparently up 13.3% recently. Which, in the world of cryptocurrencies, is either a massive win or a rounding error. Honestly, it’s hard to tell. It also saw a 177% jump in trading volume, presumably because someone remembered they owned some. This little bounce-back happened after it bumped into a “key support level” at $0.00475. Key is doing a lot of work in that sentence, isn’t it? 🧐

Apparently, it’s been generally going up for a while now, triggered by some news in November. News! The old-fashioned kind. Who knew that still worked?

On November 12th, Telcoin announced it got permission (a “final charter approval,” sounds terribly official) from Nebraska to launch a Digital Asset Bank. Nebraska! Turns out, the good life isn’t just about corn. 🌽

The idea is this bank will be the first of its kind – a blockchain bank! Which sounds like something out of a slightly alarming sci-fi novel. They’re planning to issue a thing called eUSD, which is-wait for it-a digital dollar. Like, a dollar… but digital. Groundbreaking stuff. 🙄

Paul Neuner, the founder (and presumably a very busy man), stated that this proves banks can deal with digital cash…responsibly. A bold claim, considering what some banks have gotten up to even without blockchain.

The news caused a flurry of excitement, and the value of TEL (the token, naturally) has shot up 83% since then. Eighty-three percent! It’s enough to make anyone want to start a bank in Nebraska. Almost.

Technical analysts tell us there’s a “bullish trend” happening, but it’s been…consolidating. Which, in the world of finance, means it’s sitting around doing not very much for the past ten days. Sounds familiar. 😴

Untangling the bull trend for Telcoin

Looking at a chart (because all good finance stories require charts), apparently a previous downward spiral was…breached on November 12th! New “swing points” were established. It’s all very dramatic. There’s also a “supply zone” that hasn’t been overcome. This sounds exhausting, honestly.

A different chart, this one less dramatic (hourly), shows it’s been bouncing between $0.0047 and $0.0057 for nine days. A range! Like a polite little holding pattern, refusing to commit one way or the other. The midpoint is $0.0052, serving as both support and resistance, which is just showing off at this point.

Some indicators (OBV and MACD, don’t ask) are pointing upwards, indicating…buying! But apparently, you shouldn’t get too excited. Apparently, nobody likes an eager beaver. You should “rein in the FOMO” and just buy and sell at the extremes. It’s all very sensible.

The conclusion? Don’t buy it. Just trade it. Basically, it’s not an investment, its a probability game. 🤷‍♀️

Final Thoughts

  • Telcoin went up 83% after getting permission to do banky things, which is nice for them.
  • That $0.0057 level needs to be squashed to ‘support’ before anyone thinks about actually buying. Until then, expect more of the same. Honestly, it’s always more of the same.

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2025-12-01 04:22