The pump created a new set of circumstances for this coin. Accumulation had taken place before the pump, and it was predictably dumped over the last 36 hours after hype. It was a good chances for short term profits, but also created lots of bag holders. Same with every pump.
Accumulation is observably underway for the next wave, and weaker/desperate bagholders are predictably dumping as well, mostly because there is heavy price suppression from a whale/bot right now who is doing the accumulating. The bot is set to sell coins whenever buys start happening. The price cannot rebound and overcome the bot/dumping without a LOT more volume, which died off when the pump ended.
When people do start buying a few BTC worth of coin, usually due to a long pause in action (impatience waiting for their buy order to be filled), the whale dumps heavily on the buy spree and immediately begins re-stacking the sell deck. This discourages new buys at ask price, and encourages stacking lower buy orders and waiting for the next dump wave. Thus, little upward action. lots of dumping from fearful holders.
This means the whale(s) are accumulating coin for a larger pump in the future, most likely to coincide with big news. The whale understands that the coin in undervalued, and is trying to shake them out of weak holders on the cheap.
Whales don't spend a bunch of BTC and time accumulating these coins for nothing. This much bot action/buying is a guarantee that the price will dramatically rise in the future, and if it coincides with any real development, that is will very likely create a new floor when it does so. The bots will surely be in action there too.
Summary: The next wave will come. Set a price point for a good return and HOLD until the whales start reversing the trend and reach your point.
This coin should be at 2-3 cents after ANY solid good news/development. I imagine this coin will be worth substantially more by 4th quarter this year, and will see a big bump in August due to wallet release and clearer roadmap (which is likely what the whale(s) are accumulating for in the short term).
With an empty space being left by ALPHABAY waiting to be filled, and the idea of decentralized marketplaces attracting attention, this coin continues to hold big potential for a large future marketcap.
IMO, the MOMENT *ANY* visible marketing is done on this coin, everyone will have wished they bought at 200-300 sat when they had the chance. Buy/sell accordingly. Good luck!
