Best Altcoins to Invest in Today, August 11 – Solana, Chainlink, Hyperliquid

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Best Altcoins to Invest in Today, August 11 – Solana, Chainlink, Hyperliquid

Highlights:

  • Solana could target $100 if SOL clears the key resistance zone around $78.
  • Chainlink is expected to attract market interest after Standard Chartered sets a $200 LINK price target for 2030.
  • Hyperliquid could rise toward $59 and $61 if HYPE closes above the $55.30 breakout level.

The crypto market has faced a pullback on Tuesday as the total market capitalization declined by 1% to $2.19 trillion as investors reduced exposure ahead of the upcoming US inflation report. The July Consumer Price Index report is scheduled for Wednesday, August 12. Markets expect annual inflation to ease to about 3.4%, down from 3.5% in June.

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Bitcoin has dropped below the $65K key level, leading to a broader market correction. Meanwhile, data from Coinglass shows total liquidations surged past $200 million over the last 24 hours. Despite the uncertainty in the market, let’s take a look at the best altcoins to invest in today, such as Solana, Chainlink, and Hyperliquid.

Best Altcoins to Invest in Today

1. Solana (SOL)

Solana is down by more than 1% following the broader market downturn. The price is currently hovering around $75 after being rejected at $77. Its market capitalization and trading volume stand at $44 billion and $1.50 billion, respectively.

Best Altcoins to Invest in Today
SOL Price Chart: CoinMarketCap

Crypto analyst Ali Martinez says Solana is testing a decisive area inside a parallel channel. SOL needs a move above $78 to strengthen the breakout setup. Martinez places the channel’s upper boundary near $100 if buyers clear that mid-range resistance.

Meanwhile, the Tom DeMark Sequential has flashed a daily buy signal. Its setup resistance sits at $78.70, making that zone important for confirmation. Additionally, Solana’s MACD has formed a golden cross, adding another technical signal as traders watch for follow-through. Should these signals materialize, SOL could rally to $100, making it one of the best altcoins to invest in today.

2. Chainlink (LINK)

Chainlink has defied the general market weakness by surging nearly 4% over the last 24 hours. The price has recorded lows and highs of $8.20 and $8.70 before resting around $8.67 at the time of this writing. This latest bullish momentum has pushed the weekly and monthly gains to 5% and 8%, respectively.

Best Altcoins to Invest in Today
LINK Price Chart: CoinMarketCap

Standard Chartered has initiated Chainlink coverage with a $200 LINK target for end-2030, versus about $8 currently. The bank expects tokenized assets to reach $4 trillion by end-2028, increasing demand for oracle, interoperability, and compliance services. Chainlink currently secures more than $110 billion across decentralized finance markets.

Meanwhile, the bank’s global head of digital assets research, Geoff Kendrick, expects Chainlink fees to grow about 25-fold by 2030 over the forecast period. He cites institutional use from Swift, DTCC, JPMorgan, Mastercard, UBS, Fidelity, and S&P Global. However, slower tokenization, rising competition, or technical failures could weaken the forecast.

3. Hyperliquid (HYPE)

Hyperliquid is exchanging hands around $55, with a modest gain of 0.20% on the daily chart. HYPE’s price has been under pressure recently, declining by more than 17% over the last 30 days. Moreover, its trading volume has surged by over 30%, pushing the value to $220 million.

Best Altcoins to Invest in Today
HYPE Price Chart: CoinMarketCap

HYPE is testing a breakout zone near $55.30 after holding support near $54. The chart shows compression beneath a descending trendline from the August 5 high. Analyst Justin Bennet says a higher-timeframe close above $55.30 would confirm the setup. That breakout could push HYPE toward the first target at $59.

Meanwhile, the projected path points toward $61 if buyers sustain momentum above $59, recording a gain of 8% to 12% this week. The chart also preserves an ascending support line, keeping the recovery structure intact. However, failure to clear $55.30 could send the price back toward the $54 support region. 

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