Ravencoin price over the last month or so

I'm really interested in people's opinions on this one…

We all know network hash rate is up, difficulty is up, and mining rewards are down as a result.

Wouldn't the conventional wisdom regarding supply and demand tell us that the price should go up too? Instead, the price went from 382 when the merge happened down to 207 today.

Is it just uncertainty, or is something else going on?