Loaded Lions crypto has maintained its upward trajectory for the seventh consecutive day as the project hinted at a significant announcement expected this week.
Loaded Lions (LION) experienced a remarkable surge of 35.3% in the past 24 hours, reaching an intraday peak of $0.0081 at the time of writing. Its market capitalization remained just below $187 million, closing in on the $1 billion milestone. These price gains coincided with a substantial increase in trading volume, which nearly doubled to around $3.4 million within the same timeframe.
The altcoin’s positive momentum has persisted over the last nine days, skyrocketing over 250% during this span, in stark contrast to the global bearish crypto market, which has declined by nearly 7% within the same period.
Today’s rise materialized as the project teased a major announcement slated for the end of this week through an official post on March 12. Typically, such announcements generate considerable excitement within the community, leading to increased investor interest in the associated altcoin, often propelling its price upward as traders look forward to favorable news.
Meanwhile, numerous community members speculate that the project might be preparing to announce its launch on the Ethereum blockchain. If this turns out to be true, it could greatly elevate LION’s price by improving accessibility, enhancing its functionality, and attracting a larger pool of investors eager to benefit from its broadened ecosystem.
This upcoming announcement follows closely on the heels of Loaded Lions, Crypto.com’s flagship NFT initiative, which recently launched its long-anticipated token, LION, alongside an airdrop for Loaded Lions NFT holders just two weeks prior.
After debuting on the Cronos blockchain on March 3, the project expanded to Solana just three days later.
The LION token serves as the utility token for the Loaded Lions NFT project, which is Crypto.com’s inaugural platform-owned NFT profile picture initiative.
Token holders can stake LION in on-chain vaults and participate in Crypto.com app programs to earn various rewards and benefits in Loaded Lions: Mane City. In the future, LION holders will also obtain governance rights, enabling them to contribute to the development of the ecosystem.
At the time of writing, LION was trending on social media in the U.S., indicating a surge in retail interest.
LION Price Analysis
Technical indicators suggest that LION could continue to see short-term gains.
On the 1-hour/WCRO chart, LION recently surged above the ascending parallel channel pattern it had been trading in since March 6. This breakout indicates a strong bullish trend, supported by significant buying pressure from traders.
The Supertrend indicator has dipped below the price in the green zone, signaling a bullish trend. Concurrently, the Aroon Up is at 100%, while Aroon Down sits at 0%, confirming robust buying pressure and a consistent uptrend.
As a result, LION may continue its rally, with the next key target set at the resistance level of $0.0085. If it breaks through this threshold, it could draw further bullish interest, pushing the price toward $0.01.
Community forecasts for LION in the long term suggest a range between $0.1725 and $0.20 by the end of 2025. Some believe that a breakout above this level could propel the price as high as $0.50 in the long run.
At the time of writing, LION was trading at $0.0080 per coin.
Disclosure: This article does not constitute investment advice. The content and materials presented on this page are intended solely for educational purposes.