When price drops over and over everybody thinks that is bad and their invesment is going to loose or they already in loose. Generally this causes loosing hope to that coin, and people generally sell and exit from market.This maybe great for manipulators because they want to control market. right now there is a resistance to manipulators and this causes manipulators to gain less. they earn with volatility and it is decreasing as you can see in yearly graph. so best option for manips is reducing volume so that they gain more control. And for to reduce volume they create hopelessness by lowering price. When you see price is going well to high points you feel better but they cut your dreams with a steep fall like just a few days ago. investors sells or waits that cause reduced volume. And when the volume decreases they can ride the price easily.
Who are these manipulators, has anyone seen even one alive? Well, I don't quite deny there is market manipulation going on from time to time, but to explain every price move, every fucking price twitch by deliberate manipulation is bordering on paranoid or outright insane. If we look at major price moves, such as the rise to 20k and the following crash to 6k and below, that had nothing to do with manipulation. This was market unleashed at its full force. No manipulation would be able to achieve such astonishing (or frustrating, for that matter) results.