It's almost obvious that in addition to global market manipulation that is going on there are a lot of net sellers in the world of ICO projects. That influences the markets the most and helps the bears to rule so easily. But regarding to Monero that can not be sustained for too long. As usually it will rise wild as it used to in unexpected time.  All we need is patience. I do not sell any single XMR before it goes to the moon. ICOs got more than 8 billion dollars just in the last quarter. They received them mostly in ETH and BTC. They had to sell some. No other options to operate especially in a downtrend. Soon we will have a lot of dead coins again and less options to invest for gain. Monero will be one of the few to survive.