The volume is another tell-tale sign of it being suspect. It's trading around 100 BTCs a day, yet the price is more or less static. This is coupled with a number of posts on here and at Poloniex about Monero's ranking at Coinmarketcap.
How about the simpler explanation being most of the 100 is the amount mined per day (80 BTC) and given that the mining is close to break even most miners have to sell to pay their expenses? In fact I was looking on one of the big pools yesterday and the two biggest miners there had their coins going directly to poloniex. You can bet those are very likely being sold.
What is different from many other coins is that the coins being sold by miners are being actively sought after by investors, keeping the price stable. You may disagree with those investors about the future prospects for Monero but ultimately no one is forcing them to do it. They believe it has a bright future, you don't. That's why there are markets.
If you don't think the potential is there, I suggest you stay away. I promote the coin not at all. Anyone who buys it must come to their own conclusions.
well if miners are dumping to break even, then they clearly don't see a future for this coin.