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Best Cryptocurrencies to Buy Now – Ethereum, Tron, Chainlink

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Highlights:

  • Ethereum is trading near $2,039 as buyers try to hold the trendline and keep the structure intact.
  • TRON is moving close to $0.308 as traders watch for a push toward the $0.352 level.
  • Chainlink has held near $8.65, as the price shows early signs of a slow recovery.

The crypto market is down today as geopolitical tensions keep the market in uncertainty. The ongoing conflict concerning the Strait of Hormuz and a warning by the United States of a possible attack on Iran’s Kharg Island have led to a drop in the market today. The direction of the market this week will be determined by a possible de-escalation in the Middle East and the U.S. PCE inflation data set to be released on 28 March.

Meanwhile, the overall market cap is down 1.04% to $2.34 trillion as of press time. Meanwhile, the trading volume is up 21.43% to $78.06 billion. The fear and greed index stands in the fear zone at an index of 25 and is pushing back to the extreme fear zone region. The total liquidations in the past day come in at $411.36 million, with long positions accounting for $317.80 million. As geopolitical tension escalates, here are the top cryptocurrencies to invest in today.

Best Cryptocurrencies to Purchase Today

1. Ethereum (ETH)

The second-largest cryptocurrency by market cap is trading at $2,039, representing a 2.18% decrease over the past 24 hours. The market cap stands at $246.12 billion, while the trading volume has increased by 13.6% to $15.28 billion.

Top Cryptocurrencies to Invest Today, March 23 – Ethereum, Tron, Chainlink
Ethereum Price Chart: CoinMarketCap

Ethereum is respecting a long-term ascending trendline that has supported the price since earlier cycles. The price is reacting near the $2,156 level, which sits on this trendline. This zone acts as a key support area where the price has bounced before. Below this, the $1,800 level remains the next major demand zone if support fails. However, holding above $2,156 keeps the bullish structure intact.

Meanwhile, the $4,900 level stands as a major resistance where the price faced rejection previously. If the price breaks above this level, it could move toward $10,000. This projection depends on continued higher lows.

2. TRON (TRX)

The native coin of the TRON blockchain is trading at $0.3072, a 0.8% decrease in the past day. Meanwhile, its trading volume is up by 33.79% to $780.5 million, while the market cap stands at $29.11 billion.

Best Cryptocurrencies to Buy Now
Tron Price Chart: CoinMarketCap

TRON is pushing into a key resistance zone after a steady recovery from earlier lows. The price is testing the $0.308 level, which acts as the immediate resistance. The $0.352 level stands as the next major resistance target. A clean break above $0.308 could open the path toward that level. Meanwhile, the $0.286 area acts as strong support below.

Best Cryptocurrencies to Buy Now
Source: TradingView

Meanwhile, the momentum is improving, and MACD shows growing strength. However, the price must hold above $0.308 to sustain upside continuation.

3. Chainlink (LINK)

LINK, the native token of the leading decentralized oracle network, is currently trading at $8.65, with a 1.66% decrease in the last 24 hours. The trading volume of the coin has increased by 16.75% to $581.8 million, while the market cap stands at $6.13 billion.

Best Cryptocurrencies to Buy Now
Chainlink Price Chart: CoinMarketCap

Chainlink is showing early signs of recovery after forming a base near a key support zone. The price is holding above $7.86, and this level continues to act as strong support. The recent structure shows consolidation after the sharp drop.

Best Cryptocurrencies to Buy Now
Source: TradingView

The price is now moving around $8.66, which acts as the immediate resistance and pivot level. A clean move above this zone could shift momentum upward. The next major resistance sits at $14.65, where the price faced rejection before. Meanwhile, the RSI is slowly rising, which shows improving strength.

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