Best Cryptocurrencies to Invest in Today, May 12- Cardano, BNB, Chainlink

Highlights:

• Cardano whales bought 40 million ADA in two days, showing strong long-term confidence in the coin.
• BNB broke a falling wedge pattern and may rise to $700 if bulls break the $680 resistance level.
• LINK trades above the 100-day average and may hit $26 if it breaks the $18 resistance level.

The cryptocurrency market is showing a small pullback after days of a bull run. At press time, the global market cap is at $3.34 trillion, down by 0.19% in the last 24 hours. In addition, the total trading volume is down 12.82% to $124.08 billion. Despite the decreased trading volume and market cap, the fear and greed index stands in the greed zone, with an index of 73.

The United States yesterday announced a trade deal with China but did not give details. The move was expected to end the fear of the ongoing trade war and assure investors of market stability. However, the recent pullback suggests that investors are still awaiting details of the deal to flock to the market. With the details of the deal expected today, these are the best cryptocurrencies to invest in today.

Best Cryptocurrencies to Invest in Today

1. Cardano (ADA)

The governance token of the Cardano network is currently trading at around $0.8118, with a 0.57% decrease in the past day. Its trading volume has decreased by 30.65% to $1.05 billion, while the market cap stands at $28.66 billion. In addition, the coin has been on an upward trajectory lately and has gained 18.58% and 28.93% on the weekly and monthly charts, respectively.

Despite the small decline in its price, Cardano whales have been accumulating the coin. In the past 48 hours, they have accumulated over 40 million ADA coins, according to crypto analyst Ali. The large-scale accumulation often signals they have confidence in the long-term prospect of the coin.

Whales have bought over 40 million #Cardano $ADA in the last 48 hours! pic.twitter.com/HUjt0Vpq7V

— Ali (@ali_charts) May 11, 2025

2. BNB (BNB)

BNB is trading at $653, representing a 1.51% decrease over the last 24 hours. The market cap stands at $92.13 billion, and the trading volume has decreased by 17.54% to $1.74 billion. The coin has gained 10.72% on the weekly chart, making it one of the best cryptocurrencies to invest in today.

According to an analysis by crypto trader GemBooster, BNB broke above a falling wedge pattern on the daily chart. Price surged after clearing the descending resistance line, and support formed near $530. Sellers may attempt to defend the $680 zone, but if bulls push higher, price may test $720 next. The breakout confirms trend reversal from the wedge, and the coin is set to hit $700 in the near future.

$BNB just pulled a clean breakout!

It’s now comfortably trading above key levels. If bulls keep control, we might be gearing up for that $700+ zone next.

Big things are cooking on $BNB. pic.twitter.com/QaNvc2SRLx

— Froggy 🐸 (@GemBooster) May 11, 2025

3. Chainlink (LINK)

LINK is currently trading at around $17.07, with a 1.12% increase in the past day. Its trading volume has decreased by 15.85% to $559.87 million, while the market cap stands at $11.22 billion. Meanwhile, the coin has gained 21.51% on the weekly chart.

LINK broke out of a descending channel on the daily chart. The price of the coin now trades above the 100-day moving average as bulls reclaimed the $15.50 level. The coin now faces crucial resistance at $18.00 and $21.50. If momentum continues, bulls may push the price of the coin to $26.00 next. The next major resistance stands at $31.00. However, the support zone between $11.00 and $13.00 remains valid. Buyers must protect the $15.00 zone in case of any pullback. The breakout signals a potential trend shift, and price needs to close above $18.00 for further confirmation.