PEPE May Rally 12-15% Amid Technical Setup Despite Memecoin Sector Decline

PEPE has traded in a downtrend since late September, but technical indicators point to a possible short-term rebound of 12-15% toward key resistance levels. The Stochastic RSI has formed a bullish crossover, while accumulated short liquidation positions have grown significantly. These conditions could trigger a relief rally before the broader bearish trend continues, according to chart analysis.