Telos is a networked ecosystem that will power the economy of the future. For over two years, it has been the second most popular network in terms of transaction volume.
Telos has been at the vanguard of innovation since 2018, drawing well-known startups such as Taikai, Qudo, Qubicles, Appics, Wordproof, Seeds, Zeptagram, and NewLife. Telos’ on-chain services for voting, sentiment, decentralized file storage, and location, among other things, benefit these apps. Developers can design blockchain applications on the Telos network that have a similar user experience to traditional apps. dApp developers can also benefit from 0.5-second block timings (24 times quicker than Ethereum), over 1,000 transactions per second, and free transactions on the crypto network. Let us review the TLOS price
TLOS Price Prediction
Bullish Scenario: Following severe selling pressure at the start of 2022, TLOS has risen almost 230 percent from its lowest price this year. When crypto-assets hit all-time highs, they typically experience a pullback, and TLOS is no exception. It will be a bullish indication if TLOS is able to break over the $0.76 resistance level after a retest of the $0.58 support level. We will have a better chance of testing the next resistance levels at $0.95 and $1.11. The chance of crossing above $1.40 improves if the price level is broken above $1.11 with considerable purchasing volume.
Bearish Scenario: TLOS has been in an uptrend on higher time frames, making higher highs and lower lows, but we don’t have a significant long-term bearish bias yet. If the $0.58 support level fails to hold, the price will fall to $0.42, $0.25, and even lower levels.
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