HOLO has experienced a decline of 1187.1% over the past year, influenced by changes in both on-chain activity and market trends.

On September 15, 2025, HOLO experienced a dramatic 531.42% drop in just 24 hours, plummeting to $0.4113. Over the course of 7 days, the token fell by 1187.1%, with the same percentage decrease noted for the past month and year.

In the wake of this sharp decline, both on-chain metrics and protocol-level developments have attracted scrutiny from the wider DeFi sector. Recent statistics indicate a notable decrease in active wallet participation and token movement, suggesting waning user involvement. This trend has been highlighted by developers and analysts as a possible warning sign of deeper systemic challenges or a loss of interest within the HOLO network. The blockchain data reveals a pronounced drop in network usage, especially in the last week, with daily unique wallet counts reaching the lowest point in a year. These developments have sparked concerns about the longevity and practical applications of the token within the DeFi ecosystem.

From a technical analysis perspective, major signals point toward a persistent bearish outlook. The Relative Strength Index (RSI) has dipped under 30, indicating oversold market conditions, while the Moving Average Convergence Divergence (MACD) remains negative and has formed a bearish crossover. The 50-day and 200-day moving averages have further

, supporting the ongoing downtrend. Experts believe that unless a major event—such as a pivotal protocol enhancement or a key partnership—occurs, HOLO is unlikely to experience a notable recovery soon. These technical and on-chain signals, combined with prevailing market attitudes, underscore a growing lack of confidence.

Backtesting Approach

To gauge how a recovery strategy might perform under these technical and blockchain-based conditions, a hypothetical backtesting method was outlined in the supplied information. This approach centers on leveraging both RSI and MACD crossovers to pinpoint entry opportunities. The strategy involves initiating a long position when the RSI falls below 30 and the MACD line crosses above the signal line, which could suggest the asset is bottoming out. The framework incorporates stop-loss and take-profit parameters based on historical volatility to manage risk and capture brief upward movements. Such strategies are commonly used in turbulent markets to evaluate the durability of trading models against historical patterns. For HOLO, this methodology would be tested against data from the past year to determine its potential effectiveness in the current bearish landscape.