PYUSD: Watching the 0.9990 Level

Been keeping an eye on $PYUSD lately, specifically the 0.9990 level. It's held as a pretty firm floor on intraday charts several times over the past few sessions. We saw a brief dip yesterday and today, touching 0.99906 and 0.9990 respectively, before bouncing. Doesn't feel like a major move is brewing, but those rejections are something to note.

If it breaks decisively below 0.9990 and holds, say on a 4-hour close, then the current range dynamic changes. Until then, it seems content to just hover. Just my two cents.