Best Altcoins to Buy Today, June 2 – Chainlink, Terra Classic, Hyperliquid

Highlights:

• Chainlink is testing a key support zone, with buyers watching $10.10 and $11 as rebound targets.
• Terra Classic has broken its long-term downtrend, setting a new rally toward the all-time high.
• Hyperliquid remains strong as social activity, trading volume, and ecosystem growth support momentum.

Crypto prices are edging lower on Tuesday following deteriorating sentiment in the crypto market. The broader market sentiment shows signs of risk aversion due to institutional restructuring, ETF outflows, and ongoing geopolitical tensions. As a result, the total market capitalization has declined to $2.41 trillion, while the trading volume stands at $114 billion.

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Bitcoin has dropped to levels last seen in early April, toward the $70K region, while major altcoins such as XRP, Stellar, and Cardano are posting significant losses. Following the sharp market sell-off, total liquidations have reached $750 million over the past 24 hours, according to CoinGlass data. With market pullbacks always seen as entry opportunities, let’s discuss 3 altcoins to buy today for this month.

Best Altcoins to Buy Now

1. Chainlink (LINK)

Chainlink is trading around $8.82, down more than 2% over the last 24 hours. The altcoin is down by 5% and 3% on the weekly and monthly charts, respectively. Its market cap had dropped to $6.47 billion while the trading volume surged to $360 million.

Market analyst Ali Martinez has noted Chainlink is testing the lower edge of its ascending channel. The chart shows LINK trading above $9 after retreating from May highs around the channel top. The price action has held this rising structure since March, with buyers previously defending the lower trendline.

Chainlink $LINK is testing the bottom of its channel.

If buyers step in, I’ll be watching $10.10 and $11 as the next upside targets. pic.twitter.com/a7SbuWaPmg

— Ali Charts (@alicharts) June 1, 2026

The current test remains important because a bounce could shift focus back to nearby resistance. If buyers defend the lower trendline, LINK could first target $10.10, according to Martinez. A stronger rebound may extend toward $10.50 and $11, making LINK one of the altcoins to buy now.

2. Terra Classic (LUNC)

Terra Classic’s price has declined by more than 6% over the last 24 hours, following the broader market downturn. The price is currently trading around $0.00007797, with a market capitalization of $430 million. Moreover, its trading volume has declined by 25% to $40 million.

Despite the latest pullback, LUNC is testing a notable shift on the weekly chart. The altcoin is trading near $0.000080 after moving above a descending resistance line that guided lower highs since 2023. That line rejected several rallies, including moves near $0.00028, $0.00025, $0.00018, and $0.00008 zones.

The latest candle now sits above the final downtrend area, giving buyers a cleaner technical test. However, the chart still points to major overhead resistance near $0.00059221, the former all-time-high rejection zone. Traders should now watch whether reclaimed levels hold on weekly closes before any larger recovery attempt gains confirmation.

3. Hyperliquid (HYPE)

HYPE has been performing well recently, surging by 20% and 75% on the weekly and monthly charts, respectively. As of this writing, HYPE is trading slightly below its ATH at $75.52. Meanwhile, HYPE has surpassed DOGE to join the top ten coins by market cap. Its trading volume has surged by 20% to $1.63 billion.

Hyperliquid set a fresh all-time high as market attention increased across crypto communities. Market intelligence platform Santiment recently stated that HYPE’s social dominance reached its strongest level of 2026, showing wider discussion on X, Reddit, Telegram, and other channels. Positive comments also rose with price, pointing to stronger trader interest.

📈 Hyperliquid’s native token, $HYPE, has continued its remarkable rally, pushing to a new all-time high above $73 as both social interest and positive commentary surge across X, Reddit, Telegram, and other crypto communities. The below chart shows HYPE’s social dominance… pic.twitter.com/Lmix7mmAIw

— Santiment Intelligence (@SantimentData) June 1, 2026

The rally followed higher perpetual futures activity, broader use of Hyperliquid’s decentralized trading tools, and rising protocol revenue. Moreover, new trading products and ecosystem growth talk added momentum. As Hyperliquid’s ecosystem continues to rise at a higher pace, HYPE emerges among the altcoins to buy now.

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