The Stellar rally could propel XLM to an all-time high of $0.91

$XLM is gaining momentum and has strengthened by 127% over the past week

Buyers are actively supporting XLM, pushing the price towards the all-time high of $0.91 reached in January 2018.

The upward 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.

This on-chain metric reflects the total number of outstanding contracts at the moment for various derivatives, such as options and futures. Its growth indicates that more market participants are entering new positions. During a price rally, this means new money is flowing into the market, which strengthens the asset's growth.

Such a trend in the Stellar market shows that traders are increasingly confident in the sustainability of the rally.

Moreover, the Average Directional Index (ADX) confirms the bullish outlook. At the time of writing, it is in an upward trend at a level of 68.93.

ADX measures the strength of a 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.