Best Cryptocurrencies to Invest in Today, March 2 – Solana, Hyperliquid, Ethereum

Highlights:

• Solana is trading in a tight range and needs a break above $88 to confirm fresh upside momentum.
• Hyperliquid is holding above $30 as bulls target $35 while bears watch the $27 demand zone.
• Ethereum is testing the $1,940 support and must reclaim $2,020 to restore short-term strength.

The crypto market has crushed today due to the ongoing geopolitical tensions in the Middle East. The United States and Israel attacked Iran over the weekend, killing their supreme leader and hitting their major military infrastructures. The crypto market and the traditional market reacted negatively, with oil prices rising and the overall market turning bearish. The crypto market direction now hinges on the next counteraction the attacks take.

As of press time, the overall market cap is down 0.16% to $2.29 trillion. Meanwhile, the trading volume is down 1.91% to $100.36 billion. The fear and greed index stands in the extreme fear zone at an index of 15 as geopolitical tensions rise. The total liquidations in the last day totaled $418.86 million, with long positions accounting for $244.11 million. Amid the rising geopolitical tensions, here are the best cryptocurrencies to invest in today.

Best Cryptocurrencies to Invest in Today

1. Solana (SOL)

SOL is currently trading at around $85.24, with a 0.55% increase in the past day. However, its trading volume is down 1.65% to $4.72 billion, while the market cap stands at $48.55 billion. SOL is up 8.76% in the past week, making it among the best cryptocurrencies to invest in today.

Solana is trading inside a tight range in the three-week triangle. The price is holding near $84.06 as volatility keeps compressing. Buyers are pushing from $82.85 and $81.48 while sellers have capped rallies near $88.60 and $90.01. A clean break above $88.60 would signal a bullish control.

After that, the $94 and $99 price levels stand as the next upside targets. On the downside, $79.58 and $77.98 are acting as the key demand tests. If the price loses $77.98, it can slide to $75.44.

2. Hyperliquid (HYPE)

HYPE is currently trading at around $32.33, with a 6.26% increase in the past day. Its trading volume has decreased by 9.76% to $334.8 million, while the market cap stands at $8.34 billion.

Hyperliquid is recovering after a sharp February rebound. The market has reclaimed the $30 zone and now treats it as its support. The next barrier stands near $35, and above that, the $37.5 marks a major supply ceiling where sellers stepped in before.

The $27 and $26.95 price levels form the first demand pocket if the coin retreats. Bears can drag the price to $24 if that pocket breaks. Meanwhile, the RSI is rising toward 80 and supports the bullish push. However, overbought conditions can trigger quick dips. Therefore, bulls need to hold $30 to keep the upside path active.

3. Ethereum (ETH)

ETH is trading at $1,967, representing a 2.16% decrease over the past 24 hours. The market cap stands at $237.4 billion, while the trading volume has increased by 3.94% to $23.58 billion.

According to a recent analysis by Crypto Tony, ETH is testing a key horizontal support near $1,940. The market reacted sharply after rejecting the $2,020 region. Sellers forced a quick drop toward $1,905 before a bounce appeared. That $1,940 zone now acts as the main pivot. A strong defense there can fuel a recovery.

The first upside target stands at $2,000. A break above $2,020 would confirm renewed strength. However, a failure to hold $1,940 would expose $1,905 again. Therefore, momentum depends on whether ETH reclaims $2,020 or loses $1,940.