While Shiba Inu (SHIB) has experienced a period of relative quiet recently, it’s important to remember its history of consolidation before significant price surges. This pattern, combined with broader developments in the cryptocurrency market, suggests that Shiba Inu could be poised for a major breakout. However, it’s worth noting that the meme coin sector is becoming increasingly competitive. A new token, currently in presale, is emerging as a potential competitor to $SHIB.