Best Cryptocurrencies to Invest in Today, August 18 – Chainlink, Cardano, Solana
Highlights:
- Chainlink whales withdraw $21M worth of LINK from exchanges, showing strong confidence in long-term growth.
- Cardano holds above $0.90 and eyes a breakout at $1.04 with potential rally targets above $1.30.
- Solana stays bullish with key support at $170, and a breakout above $210 could open the path to $270.
The crypto market is down, with most of the coins trading in the red zone as of press time. The overall market cap is down 2.51% to $3.9 trillion. However, the trading volume is up 33.08% to $159.4 billion. The fear and greed index stands in the neutral zone at an index of 56.
Meanwhile, in the past day, over 118,901 traders were liquidated. According to CoinGlass data, the total liquidations stand at $492.64 million, with long positions leading with $411.73M. Despite the pullback, analysts are expecting a Fed rate cut in September, fueling market optimism. As the crypto market awaits positive sentiment to trigger a rally, here are the best cryptocurrencies to invest in today.
Best Cryptocurrencies to Invest in Today
1. Chainlink (LINK)
LINK is currently trading at $24.48, with a 1.66% increase in the last 24 hours. The trading volume of the coin is up by 109.2% to $1.83 billion, while the market cap stands at $16.6 billion.
Chainlink (LINK) is witnessing increased whale accumulation as its price surges despite the volatile market. On-chain data shows that large holders collectively withdrew over 890,000 LINK, valued at more than $21 million, from exchanges in recent days. This accumulation reflects growing confidence in LINK’s long-term potential. Analysts believe expanding demand in DeFi and real-world integration could support further gains.
Whales are Accumulating $LINK
Whale "0x4eb" withdrew 721,294 $LINK, worth $17.44M, from #Binance over the past 2 days.
Whale "0xa36" withdrew 169,615 $LINK, worth $4.16M, from #Binance. In total, this whale has accumulated 275,002 $LINK, worth $6.65M, over the past month.
— Onchain Lens (@OnchainLens) August 17, 2025
2. Cardano (ADA)
ADA is trading at $0.9175, representing a 3.17% decrease over the last 24 hours. The market cap stands at $32.75 billion. Meanwhile, the trading volume is up by 8.07% to $2.37 billion. ADA is up 11.82% on the weekly chart.
Cardano has pulled back after displaying strong bullish momentum. The price has pushed through previous resistance levels and is approaching a key zone. The first important resistance is located at $1.0423. A breakout above this level could confirm a continuation of the rally. If bulls hold control above $1.0423, the next target lies at $1.3055.
Cardano $ADA is charging up with strong momentum, eyeing $1.04 as the first stop – once that resistance breaks, $1.32 comes fast, and the long term outlook is nothing but bullish. pic.twitter.com/ZNo5eesbVW
— Altcoinpedia (@altcoinpediax) August 17, 2025
This zone represents a major supply area from a previous peak. A decisive move beyond $1.3055 could extend the rally toward $1.3184, which stands as a psychological resistance. As long as ADA holds above $0.90, bullish momentum remains intact. A breakout above $1.0423 would likely accelerate price action toward higher resistance zones.
3. Solana (SOL)
SOL is currently trading at around $181.16, with a 5.94% decrease in the past day. Its trading volume has increased by 60.61% to $5.78 billion, while the market cap stands at $97.84 billion.
Solana is trading near $192 after moving in a strong uptrend during July. The price established clear higher lows before entering a range-bound structure. The resistance is visible near $210, marked by several failed breakout attempts. Sellers have repeatedly defended this zone, creating a ceiling that restricts upward momentum. On the lower side, support has formed around $170, where buyers have stepped in multiple times. This level is crucial for maintaining the bullish structure.
$SOL looks one news away from the next pump.
If you look closely, you saw strong uptrend following from a long time.
Right now, we are in a rangebound situation, and this will not surprise me if we go to touch the support again because bulls will push hard at that price. It… pic.twitter.com/cuaTIuRCtr
— Henry (@LordOfAlts) August 18, 2025
If the price holds above $170, buyers may attempt another push toward $210. A breakout above $210 could trigger a strong rally. In that case, Solana could target $250 and possibly extend toward $270. However, rejection at resistance could keep the asset range-bound between $170 and $210. The structure remains bullish as long as Solana trades above its ascending support zone.
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Austin Mwendia
Austin Mwendia is a passionate crypto journalist with three years of experience. He has contributed to various media outlets, covering blockchain technology, market analysis, and financial trends. He is committed to educating readers and expanding the adoption of blockchain and decentralized finance.
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