The Telcoin price skyrocketed 26% in the last 24 hours to trade at $0.009619 as of 4.15 a.m. EST on trading volume that skyrocketed 173% to $18.95 million.
The token’s price moved from $0.007636 yesterday to $0.01 a few hours ago, only to then correct slightly to its current price. However, on a weekly basis, its increase is even greater, leading its price from $0.0069 to where it is now, representing a 42% price boost.
Its most recent surge has made it the top trending major crypto on CoinMarketCap.
Telcoin Price Prediction
As the token’s price started to grow, its Bollinger bands started to expand. The price pushed the upper band further up as it increased, although it was not a smooth surge. Throughout the last two days, the price has been fluctuating between the upper band and the middle line between the two bands, suggesting that there were many smaller resistances that the token had to overcome.
The current resistance at $0.01 could be just another bump on the road a few hours from the time of writing, but it could also end up being a formidable barrier, depending on the market sentiment later in the day.
The token’s Relative Strength Index (RSI) value ventured deep into the overbought zone yesterday, exceeding the value of 90 for a brief moment. After that, traders started taking profit, which caused the RSI to drop to 40. From there, it surged back up, fluctuating between the neutral value of 50 and the overbought zone, a few times even venturing up to 80, but mostly only going up to 70.
This suggests that traders have been buying at 50 and selling at 70, using the RSI as the main metric to decide what move to make and when. Right now, the RSI is at 60 after dropping from 70 once again, but it does not look like it will spiral down to 50, suggesting that the buying pressure may be increasing. If this is true, then the token may retest the resistance at $0.01 before long, and potentially breach it.
Promising Alternative To Telcoin
While Telcoin surges on the market, the Best Wallet (BEST) crypto wallet is doing the same in presale as it moves to within a whisker of $10 million in fundraising.
Best Wallet became a popular new wallet even though it has only been a few months since it emerged. The wallet supports over 60 chains, allowing users to store thousands of cryptocurrencies that run on those networks. It also lets users connect their other wallets to it, enabling them to manage all of their portfolios from one spot.
Inside, you can do all of your buying, selling, swapping, staking, and more, essentially eliminating the need to go to exchanges, unless if you are looking for a specific coin or token that is not yet supported by Best Wallet.
But, if you are looking for new crypto, the wallet has its own launchpad where new projects are holding their presales, including BEST token itself.
A key feature that sets Best Wallet apart is its “Upcoming Tokens” section, a presale aggregator that identifies high-potential projects.
Upcoming Tokens has established a good track record of finding presale gems early. Among its successes are Pepe Unchained (PEPU) and Catslap (SLAP) , meme coins that surged 500% and 3,000%, respectively, after launch.
This will be the wallet’s native crypto, integrated into every aspect of it, and comes with some highly desirable perks. With it, you will be able to get a discount on transaction fees, access community governance, get higher staking rewards, and invest in new projects early.
Experts like ClayBro, a crypto YouTuber with over 136k subscribers, have pointed out that Best Wallet is becoming one of the most utilized wallets to buy meme coins.
BEST is currently selling for only $0.023975. Interested investors should buy before a price hike in less than 7 hours to lock in the best deal.
Visit BEST token here.
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