Not much of a price move, back to the sideways trading, maybe?
I really cannot understand that a coin would have so much volume, so many "senior members" suddenly speaking for it, yet the price stays the same for days on end.
Look at Doge (urgh) in comparison, you see movement, not stagnation.
Remember Feathercon?
You have been exposed to an altcoin market where the vast majority of projects exists for the sole purpose of transfering wealth from unsuspecting victims into the hands of a small group of essentially fraud artists, or at the very least people with a copycat mentality and dreams of riches.
The problem is, you can't just tweak a few parameters and succeed in this market anymore. In the beginning this may have been possible (e.g LTC), but now new coins need much more. You will find whitepapers that appears to solve problems on hot topics such as anonymity. While some of them may have some merit, most do not, and some are outright frauds directed at unsuspecting victims. Combinded with pr campaigns, sock puppets and hype cycles the market is now overflooded with what I like to classify as the modern form of ponzi schemes.
What is the typical cycle of these coins? There is a period of large price increases, massive hype with delusion of the coin's future, then there is a long painful downward spiral into oblivion.
Example: auroracoin.
In order to compete with bitcoin, or work as a complimentary currency, there must be some significant new features. In a sea of shitcoins it just so happens that monero does have these required features. Real, working anonymity. I have always been of the belief that bitcoin needs anonymity, or that an altcoin should offer this.
I think this is the one and only feature currently very attractive to senior bitcoiners. Most whom have not considered altcoins previously due to them simply offering nothing of relevance. Monero is a different animal, completely built from scratch and with the so sought after anonymity fully working. And a very fair launch. I believe this is why monero has caught their attention.
So to finally answer your question. The volume is so high because we have large speculators trading against each other. Senior bitcoiners are able to accumulate large positions of XMR even if they only invest 1-10% of their BTC stack. Thus they can support the price by buying when it goes too low, but more importantly sell some of their large XMR stash once it goes too high. That's right, they will prevent the price from going "too high". Very often in other coins you do not have senior bitcoiners with large position who can suppress the price once it goes bananas and there is really no suffient way to participate in shorting. We are left to shake our heads at these pump n dumps, but there is little we can do since we won't buy crap like that in the first place. So most coins are thus held by either delusionary newbies, get rich schemers / "pumpers" or developers with massive pre-mines. There is simply not enough liquidity in these markets to prevent the price from going mad.
With many large holders trading against each other the margins will decrease. Instead of buying at 0.001 and selling at 0.004 ten minutes later they will be buying at 0.0039 and selling at 0.004 simply due to all the competition. When many are participating and the liqudity is high it becomes more difficult to make big moves. This creates a stable price and is a sign of maturity rather than stagnation. Every day the price stays at 0.004 is a victory, with inflation of 20k that equals to 80 btc worth of funds being absorbed by the market. Every day.
To sum this up: Monero is doing excellent and while the price may not change much at all, the market cap is steadily increasing and closing in on ATH. This is anything but stagnation. I would dare to say that monero is one of the most healthy altcoin markets.
