Telcoin Soars as First Digital Asset Bank Charter Ignites 83% Price Rally

Telcoin (TEL) has surged 13.3% in the past 24 hours, with trading volume exploding by 177%, making it the top gainer in the cryptocurrency market. This rally stems from a retest of a key short-term support level at $0.00475 and is underpinned by a longer-term uptrend that began in mid-November.

The catalyst for the momentum was the November 12 announcement that Telcoin received final charter approval from the Nebraska Department of Banking and Finance to launch the Telcoin Digital Asset Bank. This landmark decision positions Telcoin as the first blockchain bank, with its flagship product, eUSD, set to be the first bank-issued, onchain U.S. Dollar stablecoin. "This proves that a bank can issue onchain digital cash responsibly and in alignment with U.S. regulators," said Paul Neuner, Telcoin’s Founder and CEO.

Since the announcement, TEL has rallied by 83%, driven by overwhelming demand for the native token. Technical analysis reveals a bullish trend, with the price breaking out of a multi-month down-triangle and establishing new swing points. Key support is holding at $0.00446, while a supply zone between $0.0056 and $0.0061 remains a resistance level. On the 1-hour chart, TEL has formed a nine-day range from $0.0047 to $0.0057, with the mid-point at $0.0052 acting as both support and resistance. Indicators like the On-Balance Volume (OBV) and MACD show high buying volume and upward momentum, though traders are cautioned against immediate breakout bets and advised to use range extremes for profit-taking.

Concurrently, the Telcoin ecosystem is scaling rapidly, integrating with global telecom giants and adding fiat ramps via Uphold and Topper, which is driving real remittance user adoption rather than speculative flows. Development activity, network metrics, and transaction performance are all on the rise, reinforcing the project's fundamental strength.