HOLO -400.00% in 24 Hours Amid Sharp Technical Deterioration

On SEP 12 2025, HOLO dropped by 327.98% within 24 hours to reach $0.4147, HOLO dropped by 1058.06% within 7 days, dropped by 1058.06% within 1 month, and dropped by 1058.06% within 1 year.

The recent movement in HOLO has been characterized by an exceptionally steep decline. Over a span of just one trading day, the price plummeted by nearly 328%, indicating a sharp selloff driven by either market sentiment or large-scale liquidation. This rapid drop reflects a breakdown in investor confidence and may point to increased selling pressure or a significant shift in market dynamics.

Technical indicators suggest a deteriorating trend. The RSI has entered oversold territory and shows little sign of a reversal, while the moving average convergence divergence (MACD) has turned negative with increasing divergence, reinforcing bearish signals. The price has also moved decisively below key support levels that had previously acted as short-term barriers to further declines.

Backtest Hypothesis

To assess the sustainability and potential for recovery, a backtesting strategy was developed. The strategy employs a long-only approach, entering positions when the price rebounds above the 50-period moving average and exits when it dips below the 20-period moving average again. This method aims to capture short-term rebounds amid the broader downtrend. The hypothesis is that HOLO may experience brief buying interest in response to short-term oversold conditions, but a reversal would require a broader shift in fundamentals or external market factors.