RATE Group | Stellar Cryptocurrency Prints a “TD9:” Here’s Why It Means More Upside is Likely
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Stellar Cryptocurrency Prints a “TD9:” Here’s Why It Means More Upside is Likely

13 May Stellar Cryptocurrency Prints a “TD9:” Here’s Why It Means More Upside is Likely

Posted at 19:49h in Cryptocurrency News by

The cryptocurrency known as Stellar has been a relatively poor performer over the last several years, however, throughout 2020 the once-booming altcoin has been showing signs of a strong recovery.

Now, the asset has printed a TD9 on daily price charts, following an over 10% intraday rally. Is this a sign that an altcoin season may soon begin?

XLMUSD Closes 10% Daily Gain, But More Upside is Likely For Altcoins

Last night’s daily close on the XLMUSD trading pair solidified an over 10% rally on the day in the altcoin.

The cryptocurrency known as Stellar lumens has fared extremely poorly throughout the bear market, alongside the likes of XRP. But things appear to be reversing in recent weeks as the Bitcoin halving draws attention to the cryptocurrency space once again.

Related Reading | Stellar’s Fractal Shows How Epic the Next Crypto Bull Market Can Be 

It was after the last halving that altcoins began their incredible ascent towards all-time high prices, and the cycle could be…

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