Stellar Forms Signal That Previously Led to 95% Rally

The cryptocurrency Stellar has formed a technical signal that preceded a significant price surge in the past. According to analyst Ali Martinez, Stellar completed the setup phase of the Tom Demark Sequential indicator on its weekly chart, which suggests a potential upward reversal.

The setup phase ends after nine candles, and Stellar finished this sequence with nine red candles, indicating the downtrend may be exhausting itself. This pattern formed in March at similar price levels and preceded a 95% rally.

Martinez's analysis highlights the historical precedent without guaranteeing a repeat performance will materialize. The signal didn't trigger an immediate rally but required a consolidation period first.