When a coin goes through a drought like this, people will sell at every resistance level to get out w/ a small loss and/or at critical levels.
People can only hold out so "long" in altcoins...
Those people should find another 'hobby'. Shit, I've been down 1k on a single coin that dropped 70%. What to do? Buy triple the amount you hold at the bottom price to 'resurrect' your holdings, the sell off if you are still nervous. Turn that 1k loss into a break-even on the next small upswing, or reduce the loss from 1k to a hundred or so bucks. Mostly, I just hold hold hold. You never know- communities take over coins and they flourish. This is just My Humble Opinion.