I think people are awaiting the "relaunch", until then, there's not a whole lot going on with the EAC community. It probably also needs more initiatives (like DOGE has done) to really promote it's value as the "green coin".
Lastly, there was a pump attempt a few weeks back. I'm sure there are a lot of people exiting from that.
I anticipate the coin stabilizing through March, and then looking towards the 200 satoshi range by May. Just my guess, but there are a ton of factors at play.