Telcoin (TEL) is currently priced at $0.00262071, reflecting a significant decline of approximately 4.97% over the last 24 hours. The daily trading range has been relatively narrow, oscillating between a high of $0.00276259 and a low of $0.00255085, indicating subdued market activity.

Trading volume stands at 1,748,103 TEL, which constitutes 0.70% of the market cap, suggesting a lack of strong investor interest at this price level. The hourly moving averages present a mixed outlook, with short-term averages slightly below current prices and longer-term averages indicating a downtrend, particularly the 21 SMA at $0.0027, down 2.49%.

The 1-hour Relative Strength Index (RSI) at 35 signals that TEL is approaching oversold conditions, while the 7-day RSI at 47 suggests a neutral trend but indicates potential bearish pressure. Moreover, both the 7-day and 14-day price changes are negative, with declines of approximately 1.83% and 3.06%, respectively, underscoring the ongoing downward momentum.

Over the last 30 days, TEL has experienced a substantial price drop of about 28.45%, further emphasizing the bearish trend in the short to medium term. The all-time high of $0.064483, reached on May 11, 2021, remains a distant target, indicating a significant decrease in market confidence.

Given the current technical indicators, including the bearish moving averages and declining RSI metrics, it appears that TEL is facing continued selling pressure. Therefore, the recommendation is to Sell, as the market sentiment does not support a bullish reversal in the near term and further declines could be expected.