EOS is also mainly hype as you probably already know that!
with its huge supply and the unbelievable premine that it had, you shouldn't really be expecting very high prices out of it but at the same time the ridiculously huge supply of it has been helping this coin to gain a fake but high market cap like coins such as ETH and gain a higher rank which is also contributing to its hype and the pump that it is having.

will it recover the market?
why should it? it is just another altcoin that is currently getting pumped thanks to all the hype! the whole market is in a huge bubble that needs to burst for a long time before it reaches bottom and starts recovering.