It seems XC has bottomed out.
- People most likely sold in anticipation of a further drop, thereby bringing price to where it is now. Now no one is either buying or selling. 124,000 satoshi is bottom price and 119,000 is buy price. Yet no trades are being made. Almost none. At least on Poloniex.
This means to me that everyone is hoping to buy back in at 100,000 satoshi. I expect a panic buy to happen soon actually. Price should at least go back to 150,000 satoshi soon and maybe even back to 200,000 satoshi.