HOLO -164.18% 24H Drop Amid Sharp Technical Deterioration

On SEP 27 2025, HOLO dropped by 164.18% within 24 hours to reach $0.2625, HOLO dropped by 1452.66% within 7 days, dropped by 4331.18% within 1 month, and dropped by 4331.18% within 1 year.

The token has experienced a sharp and sustained decline, with technical indicators showing deteriorating market sentiment and a lack of near-term support. Key resistance levels have been decisively broken, with the price now trading well below critical psychological and round-number thresholds. Analysts note that the prolonged bearish trend has been exacerbated by a lack of buying pressure and persistent selling momentum.

The recent price action has triggered a reevaluation of market positioning, with most on-chain metrics reflecting increased bearish bias. Open interest has contracted in tandem with the price decline, indicating reduced speculative activity. Meanwhile, on-chain outflows have accelerated, with large holders continuing to liquidate positions. These developments point to a broader loss of confidence in the asset’s near-term prospects.

Technical indicators such as the RSI and MACD have confirmed the bearish trend. The RSI has fallen into oversold territory, while the MACD line has remained below the signal line, reinforcing the negative momentum. Analysts project that without a significant reversal catalyst—such as a major protocol upgrade or liquidity injection—the asset is likely to continue testing lower levels in the near term.

Backtest Hypothesis

A proposed backtesting strategy focuses on leveraging the RSI and MACD divergence to identify potential reversal points within the declining trend. The strategy is designed to enter long positions when RSI shows oversold divergence and the MACD begins to show early signs of convergence. Stop-loss levels are set at recent lows, with take-profit targets aligned with key Fibonacci retracement levels. The hypothesis is that the strategy can capture short-term rebounds in a largely bearish environment, provided the divergence signals genuine buyer interest rather than a continuation of the downward trend.