For sure NOT.
NANO is just trying to get back to it normal form after all the FUD and Hack. It does get over stretched sometime during this run, and so it retrace. These small consolidation form into little handles to the giant cups if you look far enough back. Consider these little handle the "dip" to trade. However they go away really quick.
I expect this attitude from NANO until price get back to it all time high at around 30,000 Satoshi.