It wont recover until that MtGox dump situation is cleared. Nobody wants to buy expensive coins so that trustee dick can sell on a higher price.
Well, according to recent developments, somebody is buying in and is buying in bigly:
This huge buy order must be some whale picking up the cheap coins, because most likely the trustee from the MtGox already got told to either stop dumping on the markets or else he'll end up dead. Not worth it to be rich when you are dead isn't it?
Now we are most likely going to see a recovery. There's the possibility that a bunch of idiots still keep panic selling nonetheless until an official statement by the Japanese government about their trustee going OTC is made tho, but you make money when you buy, you can't wait for the news to hit.
Or he crashed the market and buys back to start a bull run to sell further later.
If so, Karpeles would be death long time ago.
If Karpeles wanted to sell a big chunk, or any coins at all, given that his coins are in known wallets, he would be smart enough to not sign up on any exchange and go OTC.
The guy whose life is at highest risk right now is Kobayashi, the MtGox trustee. If he is found to be still dumping in exchanges, someone's going to get pissed off at that and it isn't going to be pretty. Btw, we just had another one of these big red candles, I wonder if if he is involved. I don't want to start thinking that every sharp fall is the guy dumping but who is to say at this point. We can't know until they make an official statement that they are still selling or they went OTC already. Anyway but every dip ever.