Loaded Lions (LION) token continues its upward trend for the seventh day

Loaded Lions (LION) crypto has continued its upward trend for the seventh day as the project teased a major announcement set to be revealed this week.

Loaded Lions (LION) crypto price continued its upward trend for the seventh day on Monday as the project teased a major announcement, which is planned to be made by the end of this week.

Loaded Lions (LION) surged 35.3% over the past 24 hours, reaching an intraday high of $0.0081 by 08:38 ET (12:38 GMT), putting the altcoin’s market cap just shy of $187 million. The price gains came along with a jump in trading volume, which nearly doubled over the 24 hours, hovering around $3.4 million.

The altcoin has been heating up over the last nine days, having risen more than 250% during this period, outpacing the global crypto market, which is currently down by nearly 7% over the same time.

Today’s gains came as the project teased a major announcement planned by the end of this week through an official X post on March 12. Typically, the hype created in the community from such announcements leads to increased investor interest in the related altcoin, as traders anticipate positive developments, which in turn drives up the coin’s price.

Meanwhile, many community members expect that the project could be revealing its launch on the Ethereum blockchain. If confirmed, this could significantly boost LION’s price by increasing its accessibility, capitalizing on the Ethereum network’s large user base and liquidity to expand LION’s ecosystem and attract more investors.

The recent announcement comes just two weeks after Loaded Lions, Crypto.com’s flagship NFT project, officially launched its long-awaited token, LION, with an airdrop to Loaded Lions NFT holders.

Following its launch on the Cronos blockchain on March 3, the project expanded to Solana on March 6.

The LION token is the utility token for the Loaded Lions NFT project, Crypto.com’s first platform-owned NFT profile picture project.

Holders can stake LION in on-chain vaults and Crypto.com app programs to earn rewards, perks, and benefits in Loaded Lions: Mane City. In the future, LION holders will also get governance rights to help shape the ecosystem.

LION price analysis

Technical indicators suggest that LION could see more gains in the short term.

On the 1-hour/WCRO chart, LION has recently broken above the ascending parallel channel pattern it has been trading within since March 6, which suggests a very dominant bullish trend supported by the strong buying pressure from traders.

The Supertrend indicator has moved below the price in the green zone, showing a bullish trend. At the same time, the Aroon Up is at 100%, while Aroon Down is at 0%, confirming strong buying pressure and a steady uptrend.

Hence, LION could continue rallying, with the next target at the key resistance level of $0.0085. If it breaks above that, it could attract more bullish interest, pushing the price toward $0.01.

Community expectations for LION in the long term range between $0.1725 and $0.20 by the end of 2025. Some members of the crypto community are bullish on the coin and see it reaching $0.50 in the long term if it manages to breakout above the 2025 price predictions.

At the time of press, LION was trading at $0.0080.