XLM Rally Was Inevitable
Ever since XLM demonstrated a major break out of a descending trendline dating back to mid-July, it was quite evident that a major rally for XLM was in play. Within four days, from September 19 to 23, the price of XLM nearly doubled from $0.17 to $0.29.
Stellar experienced a steep decline in value from July to September, which was the case for most major cryptocurrencies apart from a few exceptions including Bitcoin, EOS, and Binance Coin (BNB).
As such, when the market demonstrated a short-term trend reversal, massively oversold XLM was first to see a major movement to the upside. As soon as XLM recorded a sudden spike in volume on September 19, its momentum continued to increase.