SANTOS crypto skyrockets 100% as market eyes probable reversal

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SANTOS crypto soars to a 7-month high following its Binance listing, with investor interest surging and potential risks on the horizon.

the SANTOSUSDT Perpetual Contract on Binance Futures, offering up to 75x leverage. It went live, providing token holders a new avenue for trading.

This uptick contributed to the token’s market cap climbing to $29.05 million, an approximate 60% increase.revealed that the Relative Strength Index reached 77.72, placing it firmly in overbought territory. At press time, the indicator rested below the zero line at -0.31, signaling that selling pressure was outweighing buying interest.

Moreover, the latter level is crucial for maintaining the token’s bullish momentum. If it fails, SANTOS may face further downside pressure, with the price potentially moving toward the $2.5 mark.While the announcement made SANTOS the top gainer among fan cryptos over the past 24 hours, the gains weren’t isolated.Other fan tokens, including Alpine F1 Team Fan Token , Spain National Fan Token , S.S. Lazio Fan Token , and FC Porto Fan Token , also saw impressive double-digit increases.

 

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