The upward trend $OP remains strong
At the time of writing, the ADX Optimism indicator stands at 28.7 – for comparison, its value was only 15 a day ago. ADX measures the strength of the trend: values above 25 indicate a strong trend, while below 20 indicate a weak or absent trend.
The sharp rise in ADX indicates that the upward momentum is gaining steam and the rally may continue. Additionally, the positive directional index (D+) OP is 38.8, while the negative directional index (D-) is 9.37. This means that bullish pressure significantly outweighs bearish activity.
