The bullish trend of Stellar is strengthening

The increase in open interest for $XLM demonstrates high market activity and investor confidence. On Saturday, the figure reached a record $291 million.$DYM $CHZ

This on-chain metric reflects the total number of open contracts currently on various derivatives, such as options and futures. Its growth indicates that more market participants are entering new positions. During a price rally, this means that new money is flowing into the market, which enhances the asset's growth. Such a trend in the Stellar market shows that traders are increasingly confident in the sustainability of the rally. Additionally, the Average Directional Index (ADX) confirms the bullish outlook. At the time of writing, it is in an upward trend at 68.93.

ADX measures the strength of the market trend on a scale from 0 to 100. A reading of 68 indicates a very strong upward trend. Such a high value suggests that the current trend is likely to continue.