Can Solana Meme Coin BULLY Price Continue to Rise After ATH? | Airdrop Alert Pro

Dolos The Bully (BULLY), a Solana Blockchain hits all-time highs today. This milestone was achieved after the price of BULLY increased by more than 700% in the past 7 days.

With a market capitalization of over $200 million, memecoin holders may be wondering whether the price could be higher. This analysis looks at this possibility.

Dolos The Bully surges higher, showing bullish potential

At press time, BULLY was trading at $0.23, marking a significant increase in its value. The meme coin has soared 72% in the past 24 hours, bringing its gains over the past week to an impressive 700%. This rapid rise suggests that interest and bullish momentum in BULLY has grown in recent days.

For context, Dolos The Bully was created as a meme coin related to an AI language model built on the Llama 3.1 architecture. The token also embodies a character that blends the cunning and trickery of Greek mythology with the sharp, fast-paced dynamics of crypto Twitter culture, Similar to tokens like Goatseus Maximums (GOAT).

However, BULLY’s rapid growth is often accompanied by volatility. therefore, same corner Holders may want to keep a close eye on potential corrections.

Messari said BULLY volatility has been rising since Nov. 20. This indicates that heavy buying or selling pressure can lead to a rapid rise or fall.

On top of this, BULLY’s Sharpe ratio has risen significantly recently, further supporting its price upward trajectory. This metric evaluates the performance of an asset by taking into account the risk taken.

A positive Sharpe ratio indicates that the rewards of holding or trading cryptocurrencies outweigh the risks, indicating good investment potential. Conversely, a negative Sharpe ratio is a warning that the asset may not produce satisfactory returns relative to the risk involved.

For BULLY, the current positive Sharpe ratio means that meme coin prices are likely to continue to rise as long as the metric remains positive. This is consistent with recent daily gains of 72% and weekly gains of 700%, reflecting the market’s growing confidence in the token.

BULLY Price Prediction: Is It Going Higher Next?

On the 4-hour chart, BULLY’s price has risen above the 20-day exponential moving average (EMA). EMA evaluates whether the price of a cryptocurrency is rising or falling.

When this indicator rises, the trend is bullish. But when it is trending downward, it is bearish. since Solana Meme Coin Above the 20 EMA (blue), this means the price is likely to rise. If this remains the case, the coin’s value could climb to $0.30.

However, this may not be the case if selling pressure increases. In this case, BULLY could fall below $0.16.