Most models do not redevelop Dolly, but this one (12z icon) shows a possibility if most of the system stays north of the islands, where the system develops east of the Bahamas, and potentially loops out, in this case it would likely stay out to sea.

Other models like the 12z GFS don't develop dolly, and the canadian seems to be backing off from it also. The next 24-36 hours seem likely to kill the current convection.