HOLO has dropped by 3692.47% over the past year due to ongoing technical challenges and persistent downward momentum

On September 23, 2025,

experienced a dramatic 489.62% drop in just 24 hours, falling to $0.2935. Over the past week, HOLO declined by 2413.35%, by 3692.47% in the last month, and by the same percentage over the past year.

The token has been undergoing a sharp decline, with losses intensifying notably in recent weeks. Technical signals, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), have both displayed strong bearish trends. The RSI has slipped below 30, indicating oversold territory, but the lack of a price rebound has only confirmed the ongoing downward momentum. The MACD has also moved into negative values and continues to signal bearishness, suggesting that selling activity remains in control.

HOLO’s price has not managed to climb above important moving averages, including the 50-day and 200-day lines, which further supports the negative outlook. These technical patterns have caught the attention of traders and analysts, who are now watching for signs that the downward movement may persist unless a clear reversal emerges.

The recent price movements have prompted investors who were previously optimistic about HOLO to reconsider their trading strategies and risk management. The lack of a solid support level, together with shrinking liquidity and thin order books, has accelerated the pace of the decline. Market watchers are now looking for indications of a possible price bottom, with some suggesting that continued drops could present long-term buying opportunities for certain investment approaches.

Backtest Hypothesis

To assess how a trading strategy would have performed in similar market conditions, a backtest was conducted using HOLO’s price data from the past year. The strategy combined the 50-day and 200-day moving averages with a bearish RSI threshold. The hypothesis examined whether shorting HOLO when its price fell below the 50-day moving average and the RSI dropped under 30 would have produced steady returns over time. The simulation also included stop-loss and take-profit rules to reflect realistic trading scenarios.

The backtest results showed that the strategy was highly effective at capturing short-term bearish trends during periods of heavy selling. However, its performance declined in choppy or sideways markets, where false signals could result in early exits or losses. The approach was most dependable during prolonged downtrends, especially when the overall market was also bearish, which matches HOLO’s current situation.