that's normal for every drop that we have ever had. there are some people (newbie day trader) who sell their coins too late and in order to be able to buy back and not lose money they would need a lower price. since that's not happening they start an online campaign expressing their wishes as speculation!
i wouldn't open up the champagne yet. a real "recovery" and the end of manipulation is when price has gone back to realistic values above $10k again. so long as it is in this range it is still manipulated. the only thing the past 48 hours proved is that $8k is pretty strong as a support.