Crypto Market in Turmoil: SHIB, SOL, HYPE, BNB Test Key Technical Levels

The cryptocurrency market is experiencing mixed results as major altcoins show signs of recovery despite ongoing pressure from longer-term trends.

Four prominent assets - Shiba Inu (SHIB), Solana (SOL), Hyperliquid (HYPE), and Binance Coin (BNB) - are testing critical technical levels that will determine their next moves.

Shiba Inu is attempting to recover but remains below key resistance at $0.00000500. A successful breakout above this level could pave the way for a price target of $0.00000550 and eventually the 200-day moving average near $0.00000588, while holding short-term support between $0.00000446 and $0.00000464.

Solana is also attempting to stabilize above its short-term moving averages and challenge resistance at $78-$79. If SOL breaks through this level, the next major resistance area will be around $84-$86, potentially leading to a price target of $90-$91.

Hyperliquid's recent correction has led it to an important decision point, with support from long-term indicators still present despite short-term weakness. A move above $57 would improve HYPE's short-term setup, while reclaiming the $61-$62 area would be a stronger bullish signal.