Stellar Rebounds Despite Volatility: Symmetrical Triangle Hints at Potential Comeback

The cryptocurrency market has witnessed a period of volatility following recent sharp declines. While Bitcoin’s price experienced a dip below $98,000 before recovering to around $102,000, the total liquidations in derivatives markets have exceeded $2 billion. This turbulence has impacted major altcoins like Stellar (XLM), leading to a 32% monthly decline. However, its technical analysis suggests a potential rebound. Stellar’s current market structure hints at a short-term bounce.