Shiba Inu (SHIB) has recorded an impressive recovery over the past week, but traders expect another downfall for its price.

SHIB is up by 2% in the past 24 hours and is trading at $0.0000194 at the time of writing. The asset briefly reached a one-month high of $0.00002 on July 16 and faced correction to $0.0000187 a few hours later. 

Moreover, Shiba Inu’s market cap is sitting at $11.4 billion, making it the 12th-largest crypto asset and second-largest meme coin in the market. Its daily trading volume, however, declined by 27% over the past 24 hours — currently hovering at $500 million.

According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of SHIB increased by 121% in the past 24 hours — rising from 81 to 179 unique …