Can SHIB turn a quiet recovery into a lasting trend? Shiba Inu Price Prediction 2029 now depends on whether buyers can take control after a long stretch of heavy selling.
The token has stepped out of a pattern that held it down for months and is currently pausing, so the next few weekly candles may reveal whether this is a real shift or just a breather.
Shiba Inu (SHIB) Market Data: Where Does the Token Trade Today?
According to Coinglass, $SHIB trades near $0.000005895, down 1.01% on the day, with a market cap of $3.47 billion. Spot volume over 24 hours is $20.33. million, while futures volume is higher at $42.81 million. 
Circulating supply is 589.23 trillion $SHIB against a maximum supply of 589.55 trillion, so almost all tokens are already in circulation.
SHIB Open Interest: Are Derivatives Traders Returning?
Coinglass shows SHIB open interest at $74.46 million, and the open interest chart reads $71.61 million on 6 October.
That is well above the roughly $30 million seen in early July, though still below the peak near $94 million in late August.
Rising participation suggests traders are positioning again. It also means a failed move could be punished quickly by liquidations.
SHIB Whale Concentration: How Top-Heavy Is Ownership?
Holder analytics show strong concentration. Only 851 whale wallets, or 0.05% of holders, account for 94.78% of the market cap.
The top 5 holders control 57.89%, the top 10 hold 62.36%, and the top 100 hold 82.80%. Seven holders own at least 1% of supply, and the Gini score is 0.9958, which signals extreme inequality.
These figures may include exchange or contract addresses, so they should be read as a concentration warning, not as proof of coordinated selling.
The base is wide, though. The holder tiers add up to roughly 1.7 million wallets, and 328 wallets hold more than $1 million.
Shiba Inu News: SHIB Lands on Solana Through Sunrise
A BSCN post on X reports that SHIB's canonical Ethereum token is now accessible on Solana through Sunrise. 
The integration gives SHIB direct access to Solana's DeFi markets. SHIB remains an ERC-20 token and is not leaving Ethereum, while Sunrise creates a canonical Solana representation to reduce liquidity fragmentation.
For the Shiba Inu forecast, this is an access and utility development, not a guaranteed demand driver, so price still needs chart confirmation.
Shiba Inu Weekly Chart Analysis: Consolidation After the Channel Exit
Per TradingView, SHIB spent months inside a long descending channel on the weekly chart, printing lower highs while the moving averages sloped down.
Price has since pushed out of that structure and is now consolidating in a tight range above support. 
A pause like this often follows a first impulse, and it can resolve either way.
The key support sits at 0.00000536, about 9% below the current weekly price of 0.00000589.
Holding it keeps the post-exit structure intact. A deeper level at 0.00000408 sits roughly 31% lower and would come into play only if that floor fails.
The harder task is above. Price still trades under the moving average at 0.00000682, about 15.8% higher, and a second average near 0.00001194 slopes down well overhead.
Until price reclaims them, the broader trend stays unrepaired.
RSI (14) reads 52.47, just above neutral and rising from the lows of mid-2026, so momentum has improved but is not yet strong.
For buyers, the first test is a weekly close above the 0.00000682 average. The first major resistance is 0.00000972, followed by 0.00001733 and 0.00002490.
Shiba Inu Price Prediction 2029: Possible Scenarios
For the Shiba Inu Price Prediction 2029, distances are measured from the weekly price of 0.00000589.
For an earlier outlook, check out our Shiba Inu Price Prediction 2028 and see how SHIB’s key levels and market trend have evolved.
Key Risks for Shiba Inu
Concentrated ownership is the biggest structural risk, because a few large wallets can move the price.
Rising open interest adds liquidation risk, the price remains below key moving averages, and a loss of 0.00000536 would weaken the recovery.
The Solana integration is promising but still unproven as a demand driver.
Expert Opinion
As per the analyst desk, SHIB has made a constructive structural change but has not completed the recovery.
The channel exit and RSI above 50 help, while the moving averages above and heavy whale concentration limit conviction.
Buyers need a weekly close above 0.00000682 to prove control.
Conclusion
The Shiba Inu Price Prediction 2029 stays neutral with a constructive tilt while support at 0.00000536 holds.
A confirmed move above the moving average would open the way toward 0.00000972, while a weekly close below support would put the recovery at risk.
Disclaimer: This article is for informational purposes only and is not financial advice. Cryptocurrency prices are highly volatile. Do your own research before making any investment decision.
