Loaded Lions (LION) has extended its bullish streak for the seventh consecutive day, fueled by speculation over a major upcoming announcement set to be revealed later this week.
LION’s Price Surge and Market Performance
LION surged 35.3% in the past 24 hours, hitting an intraday high of $0.0081, while its market cap neared $187 million, edging closer to the $1 billion milestone. Trading volume has also nearly doubled in the past day, reaching approximately $3.4 million.
Over the past nine days, LION has recorded an impressive 250% rally, outpacing the global crypto market, which declined nearly 7% during the same period.
Anticipation Over a Major Announcement
LION’s price momentum was boosted by an official X post on March 12, teasing a major announcement by the end of the week. Speculation within the Loaded Lions community suggests that the project may expand to the Ethereum blockchain, a move that could increase LION’s utility, accessibility, and investor interest.
LION’s Expansion and Ecosystem Utility
This announcement follows LION’s recent expansion to new blockchains:
- March 3: LION launched on the Cronos blockchain.
- March 6: The project expanded to Solana.
LION serves as the utility token for Loaded Lions, Crypto.com’s flagship NFT project. Holders can stake LION in on-chain vaults and Crypto.com app programs to earn rewards and gain exclusive benefits in the Loaded Lions: Mane City ecosystem. In the future, LION holders will also gain governance rights, allowing them to help shape the ecosystem’s direction.
Technical Analysis: More Gains Ahead?
LION’s price charts indicate a strong bullish outlook:
- Breakout from Ascending Channel: LION recently broke above its ascending parallel channel pattern (in place since March 6), indicating a dominant bullish trend.
- Supertrend Indicator: The indicator has moved into the green zone below the price, confirming strong buying momentum.
- Aroon Indicator: Aroon Up is at 100%, while Aroon Down is at 0%, reinforcing a strong uptrend.
If the rally continues, LION could test the $0.0085 resistance level. A successful breakout could drive further interest, pushing the price toward $0.01.
Community Expectations for LION’s Future
LION has been trending across social media in the U.S., reflecting heightened retail interest. Long-term price projections suggest LION could reach $0.1725 to $0.20 by the end of 2025. Some optimistic community members even speculate a potential breakout above $0.50 in the long run.
At press time, LION was trading at $0.0080 per coin, with momentum favoring continued upside movement.
