Question is: Where is the bottom?
That's what we all want to know. Pre-gawker volumes mean price under $1, but I think that is too low. My bet goes to $1.5/$2.
Pre-gawker volume means whatever the price is when the volume retreats to those levels. There is some deflation and a wider bitcoin economy since Gawker so I would expect a higher absolute price as the bottom. Volume levels are still inflated, though.