Highlights: Dogecoin’s demand zone has historically sparked major rallies, with targets up to $4.00 if it holds above $0.06. MemeCore shows potenti Highlights: Dogecoin’s demand zone has historically sparked major rallies, with targets up to $4.00 if it holds above $0.06. MemeCore shows potenti

Best Memecoins to Purchase Today, February 4 – Dogecoin, MemeCore, Shiba Inu

4 min read

Highlights:

  • Dogecoin’s demand zone has historically sparked major rallies, with targets up to $4.00 if it holds above $0.06.
  • MemeCore shows potential for a breakout if it breaks above $1.57, after holding steady in a tight range.
  • Shiba Inu is testing key support at $0.0000067, and a bounce could trigger massive gains up to 518%.

The crypto market is under pressure as selling pressure intensifies despite yesterday’s modest rebound. The total crypto market cap has declined by 2.20% to $2.57 trillion. The 24-hour trading volume has, however, surged by 20% to $165 billion, indicating increased market activity. 

The memecoin sector mirrors the same trend as its market cap slides to $34 billion. Most of the tokens are trading in red, demonstrating the bearish sentiment in the market. Despite these uncertain market conditions, let’s discuss the best memecoins to purchase today, such as Dogecoin, MemeCore, and Shiba Inu.

Best Memecoins to Purchase Today

1. Dogecoin (DOGE)

Dogecoin is trading around $0.1070 with a surge of 0.70% over the last 24 hours. The memecoin has declined by 14% and 27% on the weekly and monthly charts, respectively. Despite the continuous downtrend, its trading volume has exploded by 45% to $1.95 billion.

Best Memecoins to Purchase Today, February 4 - Dogecoin, MemeCore, Shiba InuSource: CoinMarketCap

According to Crypto Patel, Dogecoin is in a significant demand zone. The DOGE price is trading between $0.10 and $0.06, a crucial zone that has historically led to massive rallies. DOGE surged by 17,000% in 2021, and the current stage can be viewed as a re-accumulation stage before another possible growth.

The chart shows a multi-year support zone, which has proven reliable since 2021 and has a good history of price explosions following traversal of this zone. DOGE targets are $0.50, $1.50, and $4.00, representing a possible 5500% expansion of the cycle. However, should DOGE close below 0.06, this pattern may be nullified. In addition, the upcoming SpaceX flight, which was confirmed by Elon Musk, might be a crucial initial trigger for the future of DOGE, making it one of the best memecoins to purchase today.

2. MemeCore (M)

Memecore displays a bearish outlook today following the broader market downturn. M price has dropped by 2.75% on the daily chart to trade at $1.46. Its trading volume and market capitalization stand at around $1.85 billion and $13 million, respectively.

Best Memecoins to Purchase Today, February 4 - Dogecoin, MemeCore, Shiba InuSource: CoinMarketCap

Memecore has been standing in a tight range between $1.19 and $1.95 since December. The $1.19 level has, however, proved to be a key support as the price bounced off several times. Currently, the price is trading below the immediate support around the $1.57 region. A break above this point could see the memecoin form a new rally to challenge the key resistance around $1.95.

Best Memecoins to Purchase Today, February 4 - Dogecoin, MemeCore, Shiba InuSource: TradingView

Indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) suggest that MemeCore could rally soon. The MACD line is on the verge of making a crossover above the signal line, indicating a shift from the current dynamics. Meanwhile, the RSI is hovering around neutral levels at the 46 index.

3. Shiba Inu (SHIB)

Shiba Inu’s price is consolidating around the $0.000006600 region as bearish momentum holds tight. SHIB has recorded declines of 13% and 20% on the weekly and monthly charts, respectively. As of this writing, the price is resting around $0.000006783, with a market cap of $4 billion.

Best Memecoins to Purchase Today, February 4 - Dogecoin, MemeCore, Shiba InuSource: CoinMarketCap

Shiba Inu is approaching a key support area, with bullish projections. Market analyst KlejdiCuni suggests that SHIB is experiencing long-term accumulation before a potential major upward movement. This level of support, at around $0.0000067, has historically led to severe rebounds, with SHIB previously rallying by more than 800% since bouncing from this level in 2021.

Best Memecoins to Purchase Today, February 4 - Dogecoin, MemeCore, Shiba InuSource: TradingView

The analyst noted that it requires patience because investors could consider this a possible long-term accumulation period prior to the next big crypto market boom. Possible targets at $0.0000170, $0.0000320, and $0.0000420, representing an increase of 150%, 370%, and 518%, respectively. As a result, SHIB might be among the best memecoins to purchase today, provided the support holds.

eToro Platform

Best Crypto Exchange

  • Over 90 top cryptos to trade
  • Regulated by top-tier entities
  • User-friendly trading app
  • 30+ million users
9.9
Visit eToro

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0007736
$0.0007736$0.0007736
+1.07%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Over 60% of crypto press releases linked to high-risk or scam projects: Report

Over 60% of crypto press releases linked to high-risk or scam projects: Report

A data analysis shows crypto press release wires are dominated by scam-linked projects, hype-driven content and low-impact announcements, raising concerns about
Share
Crypto.news2026/02/04 22:02
ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

By using this collaboration, ArtGis utilizes MetaXR’s infrastructure to widen access to its assets and enable its customers to interact with the metaverse.
Share
Blockchainreporter2025/09/18 00:07
Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals

BitcoinWorld Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals The financial world often keeps us on our toes, and Wednesday was no exception. Investors watched closely as the US stock market concluded the day with a mixed performance across its major indexes. This snapshot offers a crucial glimpse into current investor sentiment and economic undercurrents, prompting many to ask: what exactly happened? Understanding the Latest US Stock Market Movements On Wednesday, the closing bell brought a varied picture for the US stock market. While some indexes celebrated gains, others registered slight declines, creating a truly mixed bag for investors. The Dow Jones Industrial Average showed resilience, climbing by a notable 0.57%. This positive movement suggests strength in some of the larger, more established companies. Conversely, the S&P 500, a broader benchmark often seen as a barometer for the overall market, experienced a modest dip of 0.1%. The technology-heavy Nasdaq Composite also saw a slight retreat, sliding by 0.33%. This particular index often reflects investor sentiment towards growth stocks and the tech sector. These divergent outcomes highlight the complex dynamics currently at play within the American economy. It’s not simply a matter of “up” or “down” for the entire US stock market; rather, it’s a nuanced landscape where different sectors and company types are responding to unique pressures and opportunities. Why Did the US Stock Market See Mixed Results? When the US stock market delivers a mixed performance, it often points to a tug-of-war between various economic factors. Several elements could have contributed to Wednesday’s varied closings. For instance, positive corporate earnings reports from certain industries might have bolstered the Dow. At the same time, concerns over inflation, interest rate policies by the Federal Reserve, or even global economic uncertainties could have pressured growth stocks, affecting the S&P 500 and Nasdaq. Key considerations often include: Economic Data: Recent reports on employment, manufacturing, or consumer spending can sway market sentiment. Corporate Announcements: Strong or weak earnings forecasts from influential companies can significantly impact their respective sectors. Interest Rate Expectations: The prospect of higher or lower interest rates directly influences borrowing costs for businesses and consumer spending, affecting future profitability. Geopolitical Events: Global tensions or trade policies can introduce uncertainty, causing investors to become more cautious. Understanding these underlying drivers is crucial for anyone trying to make sense of daily market fluctuations in the US stock market. Navigating Volatility in the US Stock Market A mixed close, while not a dramatic downturn, serves as a reminder that market volatility is a constant companion for investors. For those involved in the US stock market, particularly individuals managing their portfolios, these days underscore the importance of a well-thought-out strategy. It’s important not to react impulsively to daily movements. Instead, consider these actionable insights: Diversification: Spreading investments across different sectors and asset classes can help mitigate risk when one area underperforms. Long-Term Perspective: Focusing on long-term financial goals rather than short-term gains can help weather daily market swings. Stay Informed: Keeping abreast of economic news and company fundamentals provides context for market behavior. Consult Experts: Financial advisors can offer personalized guidance based on individual risk tolerance and objectives. Even small movements in major indexes can signal shifts that require attention, guiding future investment decisions within the dynamic US stock market. What’s Next for the US Stock Market? Looking ahead, investors will be keenly watching for further economic indicators and corporate announcements to gauge the direction of the US stock market. Upcoming inflation data, statements from the Federal Reserve, and quarterly earnings reports will likely provide more clarity. The interplay of these factors will continue to shape investor confidence and, consequently, the performance of the Dow, S&P 500, and Nasdaq. Remaining informed and adaptive will be key to understanding the market’s trajectory. Conclusion: Wednesday’s mixed close in the US stock market highlights the intricate balance of forces influencing financial markets. While the Dow showed strength, the S&P 500 and Nasdaq experienced slight declines, reflecting a nuanced economic landscape. This reminds us that understanding the ‘why’ behind these movements is as important as the movements themselves. As always, a thoughtful, informed approach remains the best strategy for navigating the complexities of the market. Frequently Asked Questions (FAQs) Q1: What does a “mixed close” mean for the US stock market? A1: A mixed close indicates that while some major stock indexes advanced, others declined. It suggests that different sectors or types of companies within the US stock market are experiencing varying influences, rather than a uniform market movement. Q2: Which major indexes were affected on Wednesday? A2: On Wednesday, the Dow Jones Industrial Average gained 0.57%, while the S&P 500 edged down 0.1%, and the Nasdaq Composite slid 0.33%, illustrating the mixed performance across the US stock market. Q3: What factors contribute to a mixed stock market performance? A3: Mixed performances in the US stock market can be influenced by various factors, including specific corporate earnings, economic data releases, shifts in interest rate expectations, and broader geopolitical events that affect different market segments uniquely. Q4: How should investors react to mixed market signals? A4: Investors are generally advised to maintain a long-term perspective, diversify their portfolios, stay informed about economic news, and avoid impulsive decisions. Consulting a financial advisor can also provide personalized guidance for navigating the US stock market. Q5: What indicators should investors watch for future US stock market trends? A5: Key indicators to watch include upcoming inflation reports, statements from the Federal Reserve regarding monetary policy, and quarterly corporate earnings reports. These will offer insights into the future direction of the US stock market. Did you find this analysis of the US stock market helpful? Share this article with your network on social media to help others understand the nuances of current financial trends! To learn more about the latest stock market trends, explore our article on key developments shaping the US stock market‘s future performance. This post Crucial US Stock Market Update: What Wednesday’s Mixed Close Reveals first appeared on BitcoinWorld.
Share
Coinstats2025/09/18 05:30