Telcoin (TEL) Surges Over 110% Following Key Technical Breakout

Telcoin (TEL) has witnessed a dramatic price surge, with the token jumping more than 110% in less than 24 hours, according to analysts. This move comes after a prolonged period of consolidation within a falling wedge pattern, which finally broke out, signaling a potential shift in market momentum.

Prominent analyst Captain Faibik emphasized the importance of this breakout, noting that TEL had repeatedly failed to breach the upper trendline of the wedge throughout the year. However, the recent surge allowed the price to blast through this resistance, indicating that buyers are gaining control after months of compression.

Another analyst, Ali Martinez, highlighted that the 110% surge brought TEL to a key resistance level around $0.0068, which has acted as a major barrier. If the price breaks above this level with strength, the next target could be around $0.014, based on chart projections that suggest a possible pullback followed by further gains.

Supporting data from KuCoin shows TEL trading at $0.005597 after an 83.1% increase, with resistance at $0.006718 and support at $0.002979. The token also demonstrated strong performance against Bitcoin (up 86.9%) and Ethereum (up 86.0%), reflecting synchronized market momentum and increased liquidity inflows. Weekly charts from TradingView indicate TEL is approaching levels last seen in mid-2024, with growing trading volume underscoring renewed investor interest.