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$PEPE Coin's price shows a rare bullish divergence with a 15% increase in open interest to $539M. Will FVG at $0.000011 trigger a rally?
Pepe Coin (PEPE) is signaling a rare bullish streak — a 15% increase in open interest during a market crash. With PEPE hovering at $0.00000885, traders are eyeing the $539M divergence for a possible snapback at $0.00000115. Why the next 48 hours are critical.
Why it matters to traders: PEPE's Fair Value Gap (FVG) has a 92% historical fill rate on 1-day charts, making it a high-probability reversal setup.


Will Pepe Coin price rise after the recent decline?
$PEPE Coin has been on a heavy downtrend since June 11. The drop saw PEPE, one of the best-performing meme coins in May, drop more than 20% in value within seven days.
Amidst this decline, Pepe Coin’s price has created a favorable value gap (FVG) that could act as a magnet in the short term.
The FVG gap appeared on June 12 when Pepe Coin fell 16% from $0.0000134 to $0.0000112 within three days. This gap usually indicates a disequilibrium that the market may turn to fill inefficiencies before resuming the previous trend, which in this case, is a downtrend.
If the price of $PEPE Coin tries to close this gap, the first target is $0.0000115. Additionally, a decisive close above the midline of this FVG gap, also known as a consequential crossover, could initiate a strong bullish reversal.
One of the indicators that suggests that the price of PepeCoin may rise in the near term is the RSI, which is near the oversold level of 31. If the sellers get tired, it makes it likely that PEPE could bounce back.

However, AO histogram bars can invalidate this bearish outlook as they tend to be longer in size in negative territory.
This indicates that the momentum that has been driving the downtrend for over a week is strengthening. Unless this indicator reverses sharply again, Pepe Coin’s price could continue to decline.
15% increase in PEPE's open interest
According to data from Coinglass, Pepe Coin's open interest is on the rise after a 15% increase within 24 hours.
At press time, the metric stood at $539 million after adding more than $90 million within 24 hours, highlighting that futures traders are opening new positions in memecoin.

As open interest increases, Pepe Coin's funding rate has been positive, boosting Pepe Coin's price forecast.
The funding rate indicates that traders are opening long positions towards PEPE, as they expect the price to rise again. A bullish divergence could be a catalyst that helps PEPE price recover.
In summary, the price of Pepe Coin may recover to fill the FVG gap at about $0.0000115 from the current price.
This recovery could happen soon as the RSI indicates that sellers may be exhausted. Meanwhile, PEPE's open interest rose 15 percent within 24 hours, indicating more interest from derivatives traders.
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