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Best Cryptocurrencies to Buy Today, March 20 – Cardano, Stellar, Solana

Highlights:

  • Cardano has held near $0.25 as buyers look for a move toward $0.29.
  • Stellar has stayed above $0.166 as the price tries to move toward $0.25.
  • Solana is holding above $78 and is testing the $94 resistance level.

The crypto market is modestly up today as the market braces for volatility due to options expiring today. According to Deribit data, more than 24K BTC options are set to expire today. Many analysts expect a very volatile day ahead as the ‘Triple Witching’ event, a quarterly event where stock options, index options, and index futures expire simultaneously, occurs today. The event is expected to cause a crash in the crypto market. The market is in a wait-and-see moment as analysts look at how the market will absorb the pressure today.

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Meanwhile, the overall market cap is up 0.52% to $2.42 trillion as of press time. Meanwhile, the trading volume is down 11.48% to $102.06 billion. The fear and greed index stands in the fear zone at an index of 31 after a brief stay in the neutral zone. The total liquidations in the past day come in at $307.93 million, with long positions taking the major hit. With the ‘Triple Witching’ event set to occur today, here are the best cryptocurrencies to buy today.

Best Cryptocurrencies to Buy Today

1. Cardano (ADA)

ADA is currently trading at $0.2707, with a 3.12% decrease in the last 24 hours. The trading volume of the coin is up by 9.32% to $3.13 billion, while the market cap stands at $89.63 billion.

Best Cryptocurrencies to Buy Today, March 20 – Cardano, Stellar, Solana
Cardano Price Chart: CoinMarketCap

ADA has printed a TD Sequential buy signal on the weekly chart, according to analyst Ali. The signal shows the downtrend is losing strength after six months of volatility. The price dropped from $0.39 and formed a base near $0.25. At the moment, candles are compressing, and wicks are expanding, showing that selling power is weakening.

Meanwhile, buyers have begun to step in. The key support stands at $0.23, and the price must hold this level to keep the buy signal going. The immediate demand sits at $0.25 to $0.26, while the resistance is forming at $0.29 and then $0.32. A sustained move past the resistance zone will target the $0.37 price range next.

2. Stellar (XLM)

XLM, the native token of the Stellar network, is currently trading at around $0.1681, with a 3.12% decrease in the past day. The trading volume of the coin is up by 9.32% to $3.13 billion, while the market cap stands at $89.63 billion.

Best Cryptocurrencies to Buy Today, March 20 – Cardano, Stellar, Solana
Stellar Price Chart: CoinMarketCap

Stellar is showing early recovery after a prolonged downtrend that weakened the price structure. The price is holding above the $0.166 support level, which has contained recent pullbacks. This level is acting as a base where buyers are stepping in.

Source: TradingView

Meanwhile, the price is pushing higher and testing nearby resistance. The $0.25 level is acting as the main resistance where the price faced rejection before. If the price breaks above $0.25, it could move toward higher zones quickly.

3. Solana (SOL)

SOL is currently trading at around $89.73, with a 0.38% increase in the past day. However, its trading volume is down 19.56% to $3.55 billion, while the market cap stands at $51.29 billion. SOL is up 4.92% in the past month.

Best Cryptocurrencies to Buy Today, March 20 – Cardano, Stellar, Solana
Solana Price Chart: CoinMarketCap

Solana is forming a base after a sharp decline that pushed the price into a key demand zone. The price is holding above the $78 level, which now acts as strong support. Meanwhile, the price is trading near the $94 resistance level, which has capped recent moves.

Best Cryptocurrencies to Buy Today, March 20 – Cardano, Stellar, Solana
Source: TradingView

If the price breaks above $94, it could continue higher toward $147. However, if the price fails to hold above $78, it could revisit lower levels.

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