As per AMBCrypto, Telcoin (TEL) rose 13.3% in the past 24 hours, with trading volume surging 177%. The price rally followed a retest of a key support level at $0.00475 and was driven by the project’s November 12 announcement of final charter approval from the Nebraska Department of Banking and Finance to launch Telcoin Digital Asset Bank. The bank’s flagship product, eUSD, is set to be the first onchain U.S. Dollar stablecoin issued by a bank. Technical analysis shows a bullish trend, but traders are advised to remain cautious and avoid aggressive breakout bets.
Telcoin Surges 13.3% Amid Bank Charter Approval and Technical Uptrend
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