I think we need to analyse the issue of demand supply well here for pob.
The number of pob in circulation now is much. And people are selling on a daily basis. The number of investor who are ready to buy is not up to the number of people that want to sell and such investors are the one dictating price here.
How do you think the price of pob want to go up to meet the hive. The number of people who are willing to hive after the price hike are now much to buy it when it is bearish now and wait for it to be bullish once again.