Stop trying to predict short term price movements and why the price is going up and down. I'll break it down for you real quick.
Currently 2.3 million coins have been mined out of 5 million. Give it a little more than 72 hours to finish mining.
Currently the large bitcoin holders are catching the coins from miners and panic sellers. They want more CLOAK coins so they will randomly buy the price up and buy all the buy orders and then let the price come back down to catch more for cheaper.
If you pump the price to 40k or higher then you need more buyers and more bitcoins to catch all the coins which isn't going to happen.
Over the next 3 days put up small buy orders. Buy a few dollars worth at a time so if it does go down you can buy more.
When these multipools are done mining and dumping (you can tell there are a lot of people mining here
http://liteshack.com/?coin=cloak) then all coins are out and the price can rise as the only people that are selling are the early adopters looking to take some profit. The longer you hold the more everyone makes.
With the volume at 300btc there are a lot of buying and selling going on. This will be noticed by other exchanges. You see what happens when you sell early and the coin goes to another exchange (hint it shoots up) and you are left missing the ride.
I doubt people are buying hundreds of bitcoins worth of CLOAK just to make the miners rich. They have a plan. One of these anon coins will be the real deal. You can see everyone jumping from coin to coin making sure they don't miss the real deal coin.
