HOLO Dips 514.3% in 24 Hours Amid Sharp Sell-Off

On SEP 24 2025, HOLO dropped by 514.3% within 24 hours to reach $0.295, HOLO dropped by 1717.65% within 7 days, dropped by 3653.76% within 1 month, and dropped by 3653.76% within 1 year.

The recent sell-off has triggered widespread speculation about underlying causes behind the asset’s dramatic devaluation. While no single factor has been officially attributed, market participants suggest the drop could be linked to broader liquidity concerns within the sector, or the potential winding down of key ecosystem activity. The price movement has not only erased nearly all gains from the previous year but has also led to heightened scrutiny from investors and analysts alike.

Technical indicators show a deeply bearish pattern forming on HOLO’s chart. The RSI has fallen below 10, signaling oversold conditions, while the MACD line has crossed below the signal line, confirming a bearish crossover. These indicators are typically seen as potential triggers for short-term rebounds, although the depth of the current decline raises questions about the durability of such bounces. Analysts project further price instability in the near term, with no clear trend lines offering support at current levels.

Backtest Hypothesis

A proposed backtesting strategy aims to simulate a hypothetical trading approach that could have been applied during the recent decline. The strategy is based on a moving average crossover system, specifically a 50-period and 200-period simple moving average. When the 50-period moving average crosses below the 200-period line—a “death cross”—the system would issue a sell signal. Conversely, a “golden cross” would trigger a buy signal. Given the recent trajectory of HOLO, the death cross has already occurred multiple times in the past year, aligning with the significant sell-off. If executed during past crossover events, the strategy could have captured major portions of the decline. However, it would have also generated false signals during periods of volatility, limiting its reliability without additional filters such as volume or RSI thresholds.