Stellar (XLM) Forms Signal That Previously Led To 95% Rally

An analyst has identified a TD Sequential buy signal for Stellar (XLM), indicating a potential bullish reversal in its price trajectory.

The TD Sequential is a technical analysis tool used to predict possible reversals in asset prices.
This signal comprises two phases: the setup and the countdown. The setup phase involves counting nine consecutive candles of the same color, signaling a potential reversal point.
Currently, Stellar has completed the setup phase with nine red candles, suggesting the downtrend may be ending, potentially leading to a bullish reversal.
In March, a similar signal at comparable price levels resulted in a 95% surge for XLM.
However, it should be noted that the previous rally did not occur immediately but followed a period of consolidation.

As of now, Stellar's price is approximately $0.243, experiencing a decline of over 4% in the past week.