HOLO has dropped by 4436.56% over the past year as a result of network enhancements and changes in governance.
- HOLO's price fell 4436.56% in 1 year amid network upgrades and governance restructures. - Decentralized governance transition and node instability worsened prolonged bearish pressure. - Technical indicators show deepening bearish sentiment with RSI in oversold territory for weeks. - Low on-chain activity suggests retail selling drives the decline, not large holder exits. - A backtesting strategy using MA crossovers and RSI thresholds aims to evaluate trend-following viability.
As of SEP 28 2025,
After implementing several network enhancements and changes to its governance structure, HOLO has continued to face significant downward momentum across all major timeframes. The project’s shift toward a more decentralized governance approach has introduced a phase of operational unpredictability. Developers have rolled out version 3.4.2 of the core node software, which brought in updated consensus rules but also resulted in short-term instability for nodes. This instability, together with the absence of immediate yield-generating features, has fueled the ongoing bearish movement of the token.
Technical analysis points to a worsening bearish outlook. The gap between the 50-day and 200-day moving averages has widened, with the price staying well beneath both indicators. The Relative Strength Index (RSI) has been in oversold territory for more than two weeks, signaling that selling pressure may be reaching a limit. Nevertheless, the market has yet to show a clear reversal pattern, indicating continued adjustment to the recent technical and governance updates.
There has been no notable on-chain activity to suggest significant accumulation or large fund transfers, as block explorers continue to report typical daily transaction volumes. This implies that the recent price drop is likely driven by retail selling rather than coordinated moves by major holders.
Backtest Hypothesis
A backtesting approach has been suggested to analyze how effective a trend-following strategy might be in light of HOLO’s recent price trends. This method uses a mix of moving average crossovers and RSI levels to pinpoint possible buy and sell opportunities. Specifically, the strategy involves taking a long position when the 20-day moving average rises above the 50-day, and exiting when it falls below, with RSI readings used to validate the signals. The goal is to capture price trends without depending on fundamental events. Historical price data will be used to test this strategy’s performance under market conditions similar to those seen in the past year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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