Here’s Why Telcoin (TEL) Price Is Pumping

It has been quite some time without direction, but finally, Telcoin is showing signs of life. For most of the year, the TEL price sat inside a big falling wedge, tightening more and more as buyers and sellers battled it out.

Now that consolidation has snapped, and analysts are starting to turn bullish at exactly the same moment the chart is breaking out.

The timing couldn’t be better. In less than a day, the price of TEL has jumped more than 110%, and that move shoved the price right into a level traders have been eyeing for months. Suddenly, after being so quiet for such a long period of time, Telcoin has momentum, and the charts finally reflect that.

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The Long TEL Wedge Breakout Is the First Big Signal

Prominent analyst Captain Faibik pointed out what many traders were waiting for; the end of TEL’s long tightening wedge

Every time the Telcoin price tried to bounce this year, it ran into the upper trendline and got pushed back down. That’s what made the recent breakout so important.

Source: X/@CryptoFaibik

This time, the price didn’t stall. It blasted straight through the top of the wedge, something TEL hasn’t been able to do for months. Breakouts like this one usually indicate that the balance of power has shifted, and the buyers are finally coming in with conviction.

Moves like this will often be the spark that starts a new trend after such a long period of compression.

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A 110% Telcoin Surge Changes the Tone Completely

Analyst Ali Martinez added another key piece to the puzzle when he highlighted that Telcoin jumped 110% in 24 hours

That kind of move doesn’t happen by accident. More importantly, it sent the TEL price right up to the resistance level around USD 0.0068, which has been a major barrier throughout the year.

Source: X/@ali_charts

What makes this moment interesting is what happens next. If TEL manages to break above $0.0068 with real strength, Ali notes the next major target sits around $0.014

The projection on his chart shows a possible pullback followed by a steady push higher, a pretty typical pattern after such a sharp move. The key takeaway is that TEL isn’t just reacting to hype. It’s reacting to real technical strength.

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What’s Next for TEL?

When you look at both charts together, the story becomes clear. Telcoin spent months tightening, waiting for a catalyst

That catalyst seems to have arrived. It broke out of the wedge. It surged 110%. And it’s now approaching a level that could open the door to even bigger moves.

As long as the TEL price holds above the breakout zone and continues building momentum, the upside toward $0.010 and $0.014 looks realistic

After a long stretch of quiet trading, Telcoin finally feels like it’s entering a new phase, one that analysts have been hinting at for weeks. If this breakout holds, TEL may have a lot more room to run.

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The post Here’s Why Telcoin (TEL) Price Is Pumping appeared first on CaptainAltcoin.