Best Cryptocurrencies to Invest in Today, February 23 – LINK, BNB, AVAX

Highlights:

• Chainlink is trading near $8.30 as sellers stay active, and a drop below $8.20 could send the price toward $7.
• BNB is holding near $597, but bears remain in control unless the price climbs back above $804.
• AVAX is hovering near $8.50, and a break lower may push the price toward the $7 region.

The crypto market has crushed today and erased all the gains made over the past week. Most of the top 10 cryptocurrencies have lost between 6-10% in the past day. The sharp fall comes after the U.S. president announced that the recently imposed 10% tariffs globally will rise to 15%. The decision comes days after the supreme court decision that the tariffs are illegal. Some analysts predict BTC may fall further to the $54,000 price region.

As of press time, the overall market cap is down 3.16% to $2.26 trillion, wiping out more than $100 billion in the past 24 hours. Meanwhile, the trading volume is up 51.42% to $78.17 billion. The fear and greed index stands in the extreme fear zone at an index of 14 after the market crash. The total liquidations in the last day totaled $481.38 million, with long positions accounting for $434.04 million. Amid the market crash, here are the best cryptocurrencies to invest in today.

Best Cryptocurrencies to Invest in Today

1. Chainlink (LINK)

LINK is currently trading at $8.33, with a 5.81% decrease in the last 24 hours. The trading volume of the coin has increased by 38.5% to $557.56 million, while the market cap stands at $5.9 billion. The coin is down 31.64% on the monthly chart.

Chainlink is trading in a strong downtrend on the daily chart. Sellers continue to control the market structure at the moment. The token recently dropped into the $8.20 support zone. Buyers are now defending the $8.20 to $8.30 area. However, the momentum still favors the bears.

A major resistance stands near $14.10. This level marks the previous breakdown area. Bulls need strong demand to reclaim that zone. Above $14.10, the next resistance sits near $16. That area capped the price during earlier rebounds. On the downside, a break below $8.2 exposes the $7 level. Earlier, the market consolidated between $12 and $14, and $12 now acts as the key resistance. Overall, bears are in charge unless bulls reclaim $14.10.

2. BNB

BNB is trading at $597.27, representing a 4% decrease over the last 24 hours, and the market cap stands at $81.44 billion. Meanwhile, the trading volume is up by 40.97% to $1.62 billion.

Binance Coin is trading in a clear daily downtrend. Sellers recently pushed the price below the $804 level. That zone now acts as a strong resistance. The market is currently consolidating around the $597 support area. Buyers are trying to defend this level with limited strength.

If the price breaks below $597, sellers could extend the decline. The next major support stands near the $437 zone. This area previously acted as a strong demand region. For a bullish shift, buyers must reclaim $804 with strong volume. That level marked the last key breakdown area. The RSI is hovering near 30, which signals weak momentum. For now, bears are in control unless the price moves above $804.

3. Avalanche (AVAX)

AVAX is trading at $8.51, representing a 5.26% decrease on the daily chart. The market cap stands at $3.67 billion. Meanwhile, the trading volume has increased by 36.44% to $259 million. AVAX has lost 29% on the monthly chart.

AVAX is facing high volatility as sharp swings continue near long-term lows. Sellers are still controlling the broader direction. The market is trading just above the $8.50 support level. This zone has held price several times in recent sessions.

If the price closes below $8.5, the downside pressure could increase. The next support sits near the $7 region, which could attract fresh demand. On the upside, $18.24 stands as the key resistance level. This area marked the last major breakdown. Bulls must reclaim $18.24 to shift sentiment. Until that happens, AVAX remains under bearish pressure.