HOLO drops by 400.00% over 24 hours as technical conditions worsen significantly

On September 12, 2025, HOLO experienced a dramatic fall of 327.98% within a single day, dropping to $0.4147. Over the course of a week, month, and year, the price plunged by 1058.06% each period.

HOLO’s price action has recently been defined by a remarkably sharp downward spiral. In just 24 hours, it lost nearly 328%, signaling a strong wave of selling, possibly triggered by a sudden shift in market sentiment or a large-scale liquidation event. Such a drastic decline suggests eroding confidence among investors and could indicate mounting selling momentum or a fundamental change in the market environment.

Analysis of technical metrics points to a worsening outlook. The RSI has dropped into the oversold zone, with no indication of an imminent reversal, and the MACD has shifted further into negative territory, with the gap widening, which strengthens the bearish outlook. The price has also decisively breached crucial support areas that previously helped prevent additional losses in the short term.

Backtesting Scenario

To evaluate whether this trend might persist or recover, a backtesting methodology was applied. This strategy only takes long positions, entering trades when the price moves above the 50-period moving average and exiting when it falls below the 20-period moving average again. The goal is to capitalize on quick rebounds during the overall downward trend. The premise is that HOLO could see short-lived buying due to extreme oversold conditions, but a sustained turnaround would likely depend on significant changes in fundamentals or broader market trends.