This trend, this volume, is already useless; the market making is too trashy. No wonder everyone is unwilling to play with VC coins. It just goes down at the launch, and after the drop, there’s nothing left. It will linger in a downtrend for a few months waiting for good news to pull it up.
The trend of $ME is very clear now, either a major surge is coming next, or it will retrace to the previous low of 2.8. This is the worst-case scenario; if it happens, there will be a prolonged period of stagnation. Even if BTC leads the rise later, there won't be a significant increase, perhaps a few months of consolidation will be needed before any movement.