HOLO +298.51% in 24 Hours on Surge in On-Chain Activity

On OCT 3 2025, HOLO surged by 298.51% within 24 hours, reaching $0.2143, despite a 1964.69% decline over the previous seven days. Over one month, the token climbed 781.25%, though it still remains significantly below its one-year valuation, which fell by 5400% in that span.

The recent 24-hour gain came amid a notable increase in on-chain activity. On-chain analytics platforms observed a sharp rise in token transfers and wallet interactions, signaling renewed interest from both retail and institutional participants. The uptick in network activity was accompanied by a reduction in short-term selling pressure, as large holders began consolidating positions. Analysts noted that the move was largely driven by speculative trading, with no major project developments or governance updates contributing directly to the price action.

From a technical perspective, HOLO’s 24-hour jump brought it within range of several key resistance levels. The $0.2143 level marked a recent swing high, with traders closely watching for a breakout that could signal further upward momentum. Moving averages across multiple timeframes were converging near this level, reinforcing the idea that HOLO was entering a critical phase in its short-term price trajectory. A break above these levels could potentially attract algorithmic buying and spark broader market attention.

Analysts project that if HOLO can maintain above the $0.2143 level for a sustained period, the asset could test the $0.24 resistance zone in the coming days. This would represent a continuation of the current upward momentum, though it remains to be seen whether the rally will lead to a broader reversal in the asset’s mid-term trend.

Backtest Hypothesis

To evaluate the sustainability of HOLO’s recent upward movement, traders have begun backtesting strategies using a combination of on-chain and technical indicators. One such approach focuses on the convergence of the 50-period and 200-period exponential moving averages (EMAs), alongside a volume-weighted average price (VWAP) crossover. The strategy entered long positions when the 50 EMA crossed above the 200 EMA and the VWAP crossed above the 50 EMA, with exits triggered on a close below the 50 EMA. This setup was backtested over the last 12 months, with filters applied to exclude periods of high volatility unrelated to fundamental developments.