Top Memecoins to Buy Today, February 14 – SHIB, PEPE, PENGU

Highlights:

• SHIB is holding above $0.00000559 and could move toward $0.00001005 if buyers regain control.
• PEPE is defending $0.00000373 and may climb toward $0.00000782 if momentum builds.
• PENGU is pushing above $0.0066 and could rally toward $0.0108 if the breakout holds.

The crypto market is slightly up today after the U.S. CPI inflation data came in cooler than expected. The cooler market data has sparked hopes for a Fed rate cut. According to the Bureau of Labor Statistics data, the CPI rose 2.4% year over year in January, below expectations of 2.5%. Meanwhile, the CPI inflation data came in at 0.2% month-over-month, below expectations of 0.3%. Most of the top 10 cryptocurrencies are trading in the green zone today on the daily chart.

The overall market cap is up 3.68% to $2.36 trillion. However, the trading volume is slightly down 12.41% to $90.33 billion. The fear and greed index stands in the extreme fear zone at an index of 11. The memecoin market cap is up 4% to $34.6 billion, and the trading volume stands at $2.95 billion, according to CoinGecko data. With the slight recovery and fresh hopes for a rate cut, here are the top memecoins to buy today.

Top Memecoins to Buy Today

1. Shiba Inu (SHIB)

SHIB is leading the memecoin momentum today with a strong gain on the daily chart. The memecoin is trading at $0.000006364, a 6.46% increase in the past day. However, the trading volume is down 3.5% to $133 million. Meanwhile, the market cap of the memecoin stands at $3.75 billion.

Shiba Inu is trying to steady itself after weeks of market pressure. The price is sitting just above the $0.00000559 floor, which recently stopped the sell-off. That level acts as the immediate support and has kept the short-term structure intact. If buyers lose this zone, the trend could weaken further.

On the upside, $0.00000689 stands as the first barrier. A clean move above it would show renewed interest from buyers. Beyond that, $0.00001005 remains the key resistance.

2. Pepe (PEPE)

The frog-themed memecoin, PEPE, is trading at $0.000003808 in the past 24 hours after a 3.71% gain. The market cap stands at $1.57 billion, while the trading volume is down 6.24% to $279.8 million.

PEPE sits at a make-or-break level after weeks of controlled selling. The price is hovering around $0.00000381, just above the key $0.00000373 support zone. Buyers are defending this area aggressively, which has kept the structure intact for now. If this floor holds, the momentum can slowly shift upward.

At the same time, the recent candles show reduced selling strength. Meanwhile, MACD momentum is flattening, which signals that bearish pressure is fading. However, PEPE is still trading under a descending trendline. Bulls must break above that barrier to confirm reversal strength. If price clears it, the next major resistance stands near $0.00000782.

3. Pudgy Penguins (PENGU)

PENGU is trading at $0.006775, a 9.52% increase over the last 24 hours. The market cap stands at $425.59 million. Meanwhile, the trading volume of the memecoin is down by 12.15% to $101.2 million.

PENGU is testing a key turning point after a long stretch of lower highs. Sellers controlled the trend for weeks under a clear descending resistance line. Now, buyers are challenging that ceiling near $0.0066. A strong close above this trendline can signal a shift in momentum.

Immediate resistance stands at $0.0070. Beyond that, the next major barrier sits between $0.0108 and $0.0110. On the downside, solid support rests at $0.0052. Buyers stepped in there and defended the recent low. Volume increased near that base, which hints at quiet accumulation. If momentum builds, the memecoin could rally to $0.01.