Don't know why people are dumping... unless they are trying to drive price down to pick up cheap.
I'm trying to buy the dips and holding in my wallet for staking :-)
Some technical analysis from someone who knows what they are talking about would be helpful. Last I saw target is still 0.01
Many reasons. Some people have little understanding of the markets and panic at the first dip in price. Some just think they need to cut their losses before it gets worse. And some have their own reasons to bring the price down ie: whales and big speculators. As for technical analysis, might as well be looking into a crystal ball. Some small changes and trends are predictable but, for the most part, it's all a guess until the market matures.
So, my "guess" is stick with the 0.01 but settle in for an extended wait time...
0.01 seems reasonable. It might happen sooner than expected. Cloak surprised us several times ;-)