BULLY Meme Coin Surges Over 100% to New All-Time High
Solana-based meme coin Dolos the Bully (#BULLY) has gained over 100% in 24 hours, reaching a new all-time high of $0.2441, and has increased more than 700% weekly. The market cap exceeds $200 million, indicating growing interest and bullish momentum for Solana.
Investors should be cautious due to the volatility associated with BULLY following this rapid surge. Data from Messari shows rising volatility since November 20, signaling potential swift price swings due to heightened buying or selling pressure.
Courtesy: Messari
The Sharpe Ratio for BULLY is increasing, indicating favorable returns relative to risk. A positive Sharpe Ratio suggests continued upward price momentum as long as it remains favorable.
Courtesy: Messari
About Solana Dolos The Bully and BULLY Price Action
Dolos the Bully is inspired by an AI language model based on Llama 3.1, merging elements of Greek mythology with crypto Twitter culture. It parallels the popular meme coin Goatseus Maximums (GOAT).
On the 4-hour chart, BULLY price has surpassed the 20-day Exponential Moving Average (EMA), indicating a bullish trend. If this trend continues, the token's value could rise towards $0.30.
Courtesy: TradingView
If selling pressure increases, BULLY price may drop below $0.16.