right now it could go down plenty further for no particular reason.
The only reason nem price dumping - it's mainly traded on polo
polo trade bot dump it slow, carefully, not more then 10% a day. It always fill buy side ~60 BTC, and sell side ~100m xem. Always. If someone tries push price up, polo dump it in a few hours to previous level. not more.
and dump it by ~10% then bitcoin begin quick rise.
Some one earlier sad that xem trade mostly is real. Bullshit. it is completely manipulated by bot. And that bot is tuned to slow DUMP.
Hope things is change after catapult release
almost a year ago
And all the same
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