Stellar (XLM)’s open interest has surged to new heights, signaling significant investor confidence in the XRP rival’s future prospects. According to data from CoinGlass, over 483 million XLM were committed to futures contracts, representing outstanding contracts yet to be settled. This surge reflects a bullish outlook for XLM on the crypto market, with its open interest climbing by 2.96% in the past 24 hours and 2.23% within the last four hours. Despite recent volatility, XLM has seen significant growth over the past week, registering a 6.04% increase. This upward momentum coupled with technical signals of a breakout is driving investor confidence. Analysis suggests that the coin is poised for further price gains if it breaches resistance near $0.2460. A successful break above this key level could potentially lead to a significant surge in XLM’s value, reaching new all-time highs. The recent market sell-off scare had no lasting impact on Stellar as it has rebounded strongly, leaving investors hopeful for continued positive price momentum.