Get ready to hear this! It seems that Stellar (XLM) is in rocket mode, and it's no wonder! In just a little week, its price has skyrocketed an impressive 78%, reaching $0.46! 🤯 This is no small feat, and it has put XLM on everyone's radar.
The most incredible thing is that the open interest in Stellar futures has reached a historic record of $520 million! 💰 Imagine the number of traders who are betting heavily on this asset. When open interest rises like this, it's like all investors are shouting in unison: "This is going up!". And with buy contracts outnumbering sell contracts, the atmosphere is one of pure bullish euphoria.
But that's not all, the Average Directional Index (ADX), which is like the thermometer of trend strength, is at 28.39. This means that the bullish trend of XLM is not a little game; it's super strong and going all out! 💪 In fact, it is the highest level in six months, telling us that this push is quite special.
Now, the big question is: Can XLM break the barrier of $0.47? If it succeeds, experts are seeing it could go straight to $0.50 and, watch out!, even $0.56, which would be a maximum in eight months. It would be crazy!
But, as in every good drama, there is always a "but". If the market gets nervous and people start selling, XLM could drop to $0.43, then to $0.41, and in a more complicated scenario, even to $0.35. So, stay alert!
In summary, Stellar is at a crucial moment. Will it continue its unstoppable rise or take a breather? Only time will tell! What do you think will happen? 🤔$XLM
