Nah, its all mental. Little buying activity has allowed the MM's to drop the price and open the spread. This in essence flushes out those who are scared it will fall further and they scoop em up on the cheap. Notice how someone is buying up these sub .02's. The buys are in bigger blocks than the sells, yet the sells negatively affect the price more. Classic manipulation on small volume. Happens all the time.
You are always on target, even though what you say may not be well received by some because of emotions, never the less it is good technical observations. Thank you for your input as always!