maybe more room to fall as the total market cap get lower and easier for big money volume to manipulate.
Like you mentioned, there's always those wanting to sell/unload to accumulate more and massess who going with the flow directly/indirectly. And there will always be those that HODL ,the market is mix with various group of ppl. Ultimately market is a reflection of ppl sentiment, and price is reflection of those with money power(likely just handful with the power to swing). Just as in steem that handful that's keeping steem price down =)