Traders $XLM Stellar are optimistic
Activity in the Stellar futures market has surged sharply. Open interest in futures has reached a record $520 million in the last 24 hours. This shows that traders are increasingly interested in the asset's derivatives, capitalizing on its rise.
The increase in open interest in futures reflects market confidence, as traders bet on further price increases. The predominance of long contracts over short ones indicates a positive sentiment, creating favorable conditions for further growth.
The ADX index for the token is currently at 28.39. This means that the rise of Stellar is gaining strength and has exceeded the threshold of 25.0, confirming the strength of the upward trend. When the ADX exceeds 25, it indicates a strong movement of XLM. Historically, such levels have been accompanied by significant price changes. The current ADX value is also a six-month high.
