Shiba Inu, Solana, Hyperliquid and BNB price analysis for August 10: can bulls take control?

The crypto market remains mixed, with some major altcoins showing signs of recovery while their longer-term trends remain under pressure. Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE), and Binance Coin (BNB) are all testing important technical levels that could determine their next moves.

SHIB is trying to recover but remains below key resistance. SOL is attempting to stabilize above its short-term moving averages, while HYPE is holding above an important long-term support level. BNB, meanwhile, is showing stronger momentum as bulls challenge resistance near $604.

Here is a closer look at the price outlook for each token.

Shiba Inu Price Analysis: SHIB Faces Key $0.000005 Resistance

Shiba Inu price remains in a broader downtrend despite its recent recovery. SHIB is trading near $0.00000462, but the rebound has not yet produced a clear trend reversal.

The main obstacle for bulls is the $0.00000500 resistance. SHIB briefly moved above this level during the late-July rally and reached around $0.0000058. However, buyers failed to hold the breakout, and the price later fell back below the longer-term moving average near $0.00000497.

SHIB now has short-term support between $0.00000446 and $0.00000464. Holding this zone could give buyers another opportunity to push higher.

If SHIB stays above $0.00000445, another recovery attempt could target $0.000005. A confirmed breakout above that level could open the way toward $0.00000550 and eventually the 200-day moving average near $0.00000588.

However, a break below $0.00000445 could send SHIB toward the July consolidation zone around $0.00000410-$0.00000420.

The daily RSI is near 56, showing that momentum has improved without reaching overbought levels. The main concern is trading volume, which has fallen since the late-July rally.

For SHIB to establish a stronger bullish structure, buyers need to turn $0.000005 into support instead of resistance.

Solana Price Analysis: SOL Needs to Break $79

Solana is also attempting to recover after months of selling pressure. SOL is trading around $76.46, up from the $62-$63 area reached in June.

The key level to watch is the $78-$79 resistance zone.

SOL has repeatedly struggled around $78.54 since July. This area also sits close to an important intermediate moving average. A daily close above this zone would give buyers a stronger technical signal and could mark an improvement in SOL's medium-term trend.

The token is already trading above its shorter-term moving averages near $74.83 and $75.38, giving the current recovery some support.

The daily RSI is around 55.6, which gives bulls a slight advantage without showing an extreme reading.

However, the broader trend remains a challenge. SOL's 200-day moving average is still falling and sits much higher, near $90.40.

If SOL breaks above $79, the next major resistance area is around $84-$86. A stronger move could then bring $90-$91 into focus.

On the downside, losing the $74-$75 moving-average zone could weaken the recovery and expose the $70 support area.

Hyperliquid Price Analysis: HYPE Holds Critical $50 Support

Hyperliquid price is approaching an important decision point after a sharp correction from its June and July highs.

HYPE is trading near $54.54, between short-term resistance and a major long-term support level.

The first hurdle for buyers is the $56-$57 zone, where two moving averages are currently positioned around $56.73 and $57.30.

A move above $57 would improve the short-term setup. However, a stronger bullish signal would require HYPE to reclaim the $61-$62 area, where another important moving average is located.

The most important level on the downside is the 200-day moving average near $50.69. This indicator is still rising, which means the broader bullish structure has not been completely damaged by the recent correction.

As long as HYPE holds the $50-$51 area, the current decline could still be viewed as a correction within a larger recovery.

The RSI is around 42.5, below the neutral 50 level. Trading volume has also fallen sharply compared with the strong activity seen during the May-June rally.

A break below $50 could change the outlook and expose $46-$48. On the other hand, reclaiming $57 and then $61.50 could allow bulls to target $65-$67.

BNB Price Analysis: Bulls Test $604 Resistance

BNB is showing one of the stronger short-term setups among the four assets.

BNB price is trading near $603.92 and is testing a major moving-average resistance around $602-$604.

After spending much of June and July below this level, BNB has now moved back toward the resistance zone. A confirmed daily close above $604 could signal a meaningful improvement in medium-term momentum.

BNB is already trading above its shorter-term moving averages near $584.41 and $575.11. The price has also formed a series of higher lows since the July bottom, supporting the recovery structure.

Momentum is also improving. The daily RSI has climbed to around 64.4, while its signal line is near 56.1. This puts BNB firmly in positive territory, although it has not yet reached the traditional overbought level near 70.

The bigger challenge remains the 200-day moving average near $646.66. Even if BNB breaks above $604, bulls would still need to clear the $620 area before challenging the larger $645-$650 resistance zone.

On the downside, $584 is the first important support. A move below $575 would weaken the current recovery and raise the risk of a failed breakout.

What to Watch Next

• SHIB: Needs to turn $0.000005 into support to confirm stronger bullish momentum.
• SOL: A breakout above $79 could open the way toward $84-$86 and eventually $90.
• HYPE: Holding $50-$51 is important for preserving its broader recovery structure.
• BNB: A confirmed break above $604 could strengthen the bullish setup, with $645-$650 as the bigger resistance zone.

Overall, BNB currently has the clearest breakout setup, while SHIB, SOL, and HYPE still need to overcome key resistance levels before their recoveries can develop into stronger uptrends.