Best Cryptocurrencies to Invest in Today, August 4- TRX, XLM, HBAR
Highlights:
- TRON is holding above key support at $0.285 and could rally if bulls break the $0.36 resistance zone.
- Stellar has gained 72% in a month and eyes $0.4975 if the price stays above the $0.3701 support level.
- Hedera is trading in a rising wedge and needs to reclaim $0.2700 soon to avoid a short-term pullback.
The crypto market has recovered slightly over the weekend after a small correction in most of the top coins. As of press time, the overall market cap is up 1.67% to $3.73 trillion. However, the trading volume is down 22.67% to $107.54 billion. The fear and greed index stands in the neutral zone at an index of 52. According to CoinGlass data, 50,220 traders were liquidated for $133.69 million in the past day.
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The top cryptocurrency, Bitcoin, has dropped below $115,000 and is trading at $114,457. The coin is facing selling pressure and massive outflows for spot Bitcoin ETFs. Most analysts predict a further downturn, with Arthur Hayes seeing a drop to $100,000. Here are the best cryptocurrencies to invest in today as the market continues to recover.
Best Cryptocurrencies to Invest in Today
1. TRON (TRX)
The native coin of the TRON blockchain is trading at $0.3283, a 1.59% increase in the past day. However, its trading volume is down by 48.16% to $686 million. Meanwhile, the market cap stands at $31.1 billion. The coin has gained 15.96% on the monthly chart.
TRX showed a strong uptrend that started in early June. The price recently tested a major resistance zone near $0.36. However, TRX pulled back slightly but remains above support. The nearest demand zone sits between $0.285 and $0.275. This area held strong in mid-July and could act as a bounce point. Below that, additional support lies at $0.25 and $0.235.
$TRX has only one sell wall pic.twitter.com/af9LKGuztb
— CW (@CW8900) August 3, 2025
TRX must stay above $0.285 to maintain its bullish structure. However, if bulls regain strength, a breakout above $0.36 could extend the rally. TRX is still trading within a higher high and higher low pattern. Therefore, as long as buyers hold above key supports, the uptrend remains intact. However, breaking below $0.275 could signal a deeper retracement.
2. Stellar (XLM)
XLM is currently trading at around $0.4080, with an 8.36% increase in the past day. Its trading volume is up by 47.59% to $491.8 million, while the market cap stands at $12.74 billion. XLM has gained 72% in the past month.
Stellar has strongly bounced from a key support at $0.3701. This support zone held firmly during recent price weakness. The price is now pushing higher and shows a strong recovery. The next major resistance sits at $0.4975, and this level marks a previous high and could attract sellers again.
If bulls break above it, the rally may extend further. Until then, $0.3701 remains the key level to watch for pullbacks. A drop below it could invalidate the current momentum. However, as long as the price holds above this zone, buyers remain in control. Stellar Lumens looks ready to retest the upper resistance zone if current momentum continues. Buyers are now targeting the $0.4975 mark as the next challenge.
3. Hedera (HBAR)
HBAR is currently trading at $0.2474, with a 5.24% increase in the last 24 hours. The trading volume of the coin has decreased by 2.7% to $432.49 million, while the market cap stands at $10.48 billion. The coin is up 60.84% on the monthly chart.
According to a recent analysis on the 8-hour chart, Hedera is currently consolidating inside a rising wedge pattern. This formation shows higher highs and higher lows but signals potential exhaustion. The upper resistance trendline sits near $0.3250. For a bullish continuation, the price must reclaim $0.2700 quickly. If not, short-term downside remains likely.
🧬 $HBAR Update
Still anticipating one more sweep of the lows before any meaningful reversal. Price action remains contained within a broad wedge structure.
I'll be looking to accumulate dips within the 8H demand block.
That said, we’re currently pressing into the MO level.… pic.twitter.com/6EhXFKDu6E
— xb – TheBreakoutZone (@TheBreakoutZone) August 3, 2025
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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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