OM have not reacted to this rally, for obvious reasons. Holders and Traders might still remember what happened early this year.
Bad Memories like these are hard to erase specially if trading the wrong side.
What really happen is a matter of speculation.
The OM team or any other party with large existences might have been responsible, since they were the only ones who could have exerted that massive selling pressure.
As no person involved would admit to wrong doing if there is any, A trader either observes the chart in contempt or sees a bargain.
If you plan to trade it. Here is something worth considering.
Downside risk is by no means lower just because it is already low. However if the project lives up to their purpose, the price will settle wherever the real demand (purchases by actually network users not traders) even if traders would not dare to touch it.
Then, if a new wave of speculation hits and the public forgets the past (very likely), it will inflate regardless of fundamentals.
Speculation in its finest...Not bad, but "risky". Yet there is no risk free trade. It is all a matter of MARGIN OF ERROR/SAFETY.
P.S.
What comes down might be down for a reason and never recover past price levels.
DYOR
