Another observation, i think nem wallets being disabled on most exchanges prevented a truly staggering free fall.
If all wallets had been operational after the hack we'd have probably witnessed the fastest and most complete fall crypto had seen up to this point. I think disabled wallets prevented a mass exodus, and let things bleed out over the last 2 months.

Problem is now, we've got nowhere else to go. We're right at the limit. Seemed to find support at .40 for awhile, but can't sustain any positive movement. I'd expect this latest downturn to go all the way to .28- .29 cents. I hope it doesn't but there's really nothing to keep it proped up at this point.

And thats not even taking into account a overall bear market trend. What if crypto as a whole loses 200b market cap again?
It would be ugly... We'd likely be back in the teens or  high single digits.