The analysis focuses on PEPEUSDT's current market position, highlighting it as being at a critical juncture. After a period of consolidation throughout much of 2025, PEPE experienced a significant liquidation event in the last quarter of 2025, marked as the largest in crypto history. The asset recently broke above its purple Exponential Moving Average (EMA) and is currently retesting a key support level around 0.000005382. Sustained price action above this level is crucial for a bullish continuation, potentially driving PEPE towards previous highs. Conversely, a breach below this support would signal a bearish 'goblin town' scenario. Momentum indicators currently show a bullish flip, supported by increasing buying volume. For a sustained upward movement, continued bullish momentum and volume are essential, aiming for a target price of approximately 0.000006500. Macro market analysis, including USDT Dominance, BTC Dominance, Total Crypto Market Cap, and Altcoin Market Cap excluding BTC, suggests favorable conditions for a broader market rally and an upcoming altcoin season, provided USDT Dominance continues its downward pressure and BTC Dominance follows a historical pattern of decline before a market peak.