#pepecoin (PEPE) has re-emerged in market discussions, demonstrating notable resilience despite broader bearish conditions. The token has recorded a 15% surge in open interest, now totaling approximately $539 million, signaling heightened speculative activity and a possible price shift on the horizon.
With
$PEPE currently trading near $0.00000885, all eyes are on a key technical level — the Fair Value Gap (FVG) around $0.0000115, which may play a pivotal role in determining the asset’s next move.
---
🔍 Fair Value Gap: A Statistically Strong Reversal Zone
The FVG, formed after a sharp decline in mid-June (from $0.0000134 to $0.0000112), is an area where price dislocation creates an imbalance between buyers and sellers. Historically, such gaps on the daily chart have a 92% fill rate, making them statistically significant levels for potential reversals or retests.
Should
#PEPE revisit this region, the initial target lies at $0.0000115. A daily close above the midpoint of this gap — often viewed as a technical entry trigger — could validate a bullish reversal and spark renewed upward momentum.
---
📉 Mixed Signals from RSI and Awesome Oscillator (AO)
The Relative Strength Index (RSI) is approaching oversold territory at around 31, suggesting potential seller exhaustion. This often precedes short-term price recoveries if broader momentum aligns.
In contrast, the Awesome Oscillator (AO) continues to deepen in negative territory, marked by red histogram bars, indicating that downward momentum remains intact. This divergence calls for caution, as a confirmed momentum shift has yet to appear.
Traders may benefit from waiting for a clear momentum flip or confirmation before entering new positions.
---
🚀 $90 Million Surge in Open Interest Signals Bullish Speculation
Data from Coinglass shows that open interest in PEPE futures increased by $90 million within 24 hours, reflecting growing trader confidence. Furthermore, a positive funding rate indicates that long positions dominate, reinforcing the view that investors are anticipating a near-term rebound.
This divergence — rising open interest alongside stable-to-declining prices — is often seen as a bullish indicator, suggesting accumulation and increased positioning ahead of a potential price reversal.
---
⏳ What’s Next for Pepe Coin?
Pepe Coin is at a decisive technical juncture. Over the next 48 hours, market dynamics will likely determine whether the token:
Successfully fills the Fair Value Gap and targets $0.0000115, or
Succumbs to persistent bearish pressure, potentially leading to a deeper decline.
The outcome will be pivotal for PEPE's short-term trajectory and may serve as a broader sentiment indicator for memecoins in general.
---
📌 Conclusion
While momentum indicators present a mixed picture, rising open interest and key technical levels suggest that Pepe Coin may be nearing a turning point. Traders are advised to monitor volume trends, funding rates, and price action near the FVG midpoint before making significant decisions.
---
🔁 Stay informed on the latest crypto market developments by following us for real-time insights and expert analysis.