BULLA jumped 87.74% within 24 hours, reaching about $0.0604 as its market capitalization climbed near $60.11 million. The rally followed a new Websea perpetual listing and heavy short liquidations.
Websea announced that BULLA perpetual trading would begin on September 4 at 10:00 UTC. The platform opened long and short positions while offering flexible leverage.
Meanwhile, derivatives data showed intense pressure on traders betting against BULLA. The resulting short squeeze became a major factor behind the rapid price increase.
Coinglass data showed $1.39 million in BULLA short positions liquidated within 24 hours. By comparison, long liquidations reached only $177,260 during the same period. The imbalance also appeared across the one-hour, four-hour, and 12-hour periods. As a result, forced short covering accompanied BULLA's sharp advance.
Binance's account-based long-to-short ratio stood at 0.8751, meaning more accounts held short positions. In contrast, the top-trader positions ratio reached 1.0489, indicating a slight long bias.
Open interest also climbed to an all-time high near $37.4 million before falling toward $26.14 million. Meanwhile, BULLA continued rising as leveraged positions left the market.
That decline suggests much of the existing short exposure had already cleared during the rally. Futures volume remained heavily concentrated on Binance at about $127.40 million. Aster recorded roughly $18.91 million in futures volume, while Gate contributed another $8.37 million.
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BULLA has gained 317.01% over 30 days and about 1,250% over 90 days. It also remains 145.66% higher over the past 180 days. Still, the token remains 4.22% lower over one year and 28.45% below its all-time high. Its year-to-date performance stands at a 34.84% increase.
The weekly chart shows consolidation near $0.004046 before price entered a rising channel toward $0.024641. BULLA then broke above $0.048059 and advanced toward $0.061008.
At the same time, the 14-period RSI reached 80.43. This reading places BULLA within overbought territory following the latest surge. If price remains above $0.048059, the next chart resistance sits near $0.086690. Further levels appear around $0.129219 and $0.160435.
The $0.0867 area now represents the first major upside level in the Bulla price prediction. A confirmed move above it could expose $0.1292 and $0.1604.
Both levels remain below BULLA's previous 2026 highs. Therefore, traders would still face historical resistance even after another major breakout. On the downside, $0.0481 marks the first support area if momentum weakens. A deeper retreat would bring $0.0246 back into focus near the ascending channel base.
The broader support structure also includes $0.004046, which previously marked the weekly consolidation zone before the latest advance. The rally now combines the Websea perpetual listing, extensive short liquidations, and a breakout from a multi-month base. However, the elevated RSI keeps pullback risk in focus.