Billy has been running like a bull, since the community takeover. Is it just the love of community or something else that is fueling it, but it does not seem to stop.
New Heights for Billy
Just last week, Billy marked the price at its all time high at $0.1320 with a market cap of $115M. On 6th July, it broke the previous ATH to flag at $ 0.2061. This brought the cutest token to a huge market cap of $202.64 M.
Technical Analysis
At the time of writing, the market cap is $171.40 M as it trades at $0.1747. This is a 72.67% rise in market cap in just 4 days. On the chart we can see a diversion in price and RSI causing the price bear a fall of 23%. This looks like a necessary correction as RSI data indicated the token was overbought. Billy has been riding above the exponential moving average.
The latest resistance it faces is at $0.1826 which is barring the price to rise as of now. This halt in the speedy rise will prepare the token for the future as it will create a good support here. Currently, the daily support lies at $0.1026.
The 20 EMA is holding the position at $0.145, which will give assistance to the price when it takes a correction. Billy has been down by 0.07% in the last 24 hours and up by 2.41% in the last 1 hour. The Raydium pool has a locked liquidity of $3.5M which shows the trust investors are putting into it.
Data from Dexscreener shows a balance between buy and sell volume. If we talk about the holders, in the past 4 days Solana’s Billy has increased the number of its holders to almost 19,000.
There have been people who have already made hundreds of thousands of profit and some even crossed a million dollar mark. If we see the pattern, these numbers are nothing to what is coming.
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