I'm new to this coin, which is truly intriguing, I happened to find a graph of the price action at
https://market.merit.me/ and it seems it's now going sharply down after a sharp rise and peak. Any opinions on this price action?
It is so early in this coins journey. The price action can be all over. Right now more miners than buyers so supply and demand is out of wack. Price will stay lower till more demand is found.