It's a sign of absorbtion. The buyers/sellers that are agressively entering the market (the large volume prints that you're asking about) are being absorbed by the excess supply/demand that exists at that level. If the absorbtion level holds, this is typically a good point for entry. This is also referred to as churning.
Much effort has been made to lower the prices for the shorters but no gains have been made for the shorters so no profit on both sides even though the shorters tried very hard. The only way a shorter (without a dreaded R/S) would make money is to let this go up first. In this case we would have an opportunity to waken the bulls here (with these prices, these much eyes on it, the shear amount of "good Samaritan" bashers ) we might have a chance to make this run.
Also some other indicators show a possible reversal or a stop of the downward trend (I know from 0.0007 till 0.0001 not much downward trend is even possible), but I won't bore you with those.
Full disclosure, I'm invested in this stock so for all out there I'm biased in my review about this one. I always try to use indicators and logic and skip the emotion part of it (In trading 60 - 70% of all bad trades are due to emotion taking the upper hand)