Stellar (XLM) has recently captured the interest of cryptocurrency analysts after noted market commentator Ali Martinez identified a strong "9" buy signal from the TD Sequential indicator on its weekly chart. Notably, this signal appears within an area known to witness significant price reversals for this cryptocurrency asset, prompting speculation of another major rally.

Last time this identical technical setup occurred at these price levels, XLM saw a substantial 95% surge in value - an indicator that its current market structure may be poised for something similar to occur.
<h3>This Time, The TD Sequential Repeats Bullish Pattern</h3>
[embed]https://twitter.com/alicharts/status/1999002206071099507[/embed]

Ali Martinez shared a chart demonstrating that the TD Sequential "9" buy signal has arisen as XLM revisits an established long-term support range. This indicator is designed to detect exactly when trends have run their course and are ready for an imminent turnabout.

Technical traders take notice when the signal appears within the same demand zone as its 95% rally, since past performance doesn't guarantee future outcomes. Although past performance doesn't predict future outcomes, this confluence of reversal signals and historical support suggests momentum is reset at levels where buyers have consistently come in. Furthermore, weekly price candles confirm <a href="https://www.cryptoknowmics.com/news/stellar-xlm-displays-bullish-signal-with-inverse-head-and-shoulders-pattern/">XLM</a> has significantly retraced from its earlier peak to form a consolidation structure similar to its pattern before its prior major upswing.
<h2>Intraday Volatility and Support Confirmation</h2>
On lower time frames, TradingView charts demonstrate XLM's sharp intraday swings on shorter time frames, including an initial spike toward $0.259 that quickly declined after being followed by a pullback. Regardless of its high degree of volatility, however, its price stabilized between $0.241-$0.244 area as shown by weekly analysis indicating strong technical footing being established within the market.

For the bullish scenario to materialize, price must successfully maintain this support band and show sustained buying interest, ideally with increased trading volumes. Stellar currently sits on an inflection point and should be closely watched over the coming sessions by traders.

Stellar (XLM) Reveals Major Buy Signal while Remaining Within Historical Support Zone

Analyst Ali Martinez notes Stellar (XLM) flashed a 'TD Sequential 9' buy signal at a key demand zone, historically preceding a 95% price surge.

Stellar (XLM) Reveals Major Buy Signal while Remaining Within Historical Support Zone

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