PSGUSDT Tests 0.663 Support as Bearish Divergence Lingers

Summary
• Price tested resistance near 0.672 before consolidating, with bearish divergence in RSI signaling potential reversal.
• Volatility expanded during the 18:00–20:00 ET window, driven by high-volume selloffs and a 0.663 pivot support.
• A bullish engulfing pattern formed at 0.665–0.668 on early morning trading, suggesting short-term buying interest.
• Bollinger Bands show a narrow midday contraction followed by a late-night expansion, aligning with volume spikes.
• 50-period MA on the 5-min chart crossed below the 20-period MA, indicating short-term bearish momentum.

The Paris Saint-Germain Fan Token/Tether (PSGUSDT) opened at 0.668 on 2026-02-06 12:00 ET, hit a high of 0.679, a low of 0.652, and closed at 0.669 on 2026-02-07 12:00 ET. Total 24-hour volume was 151,683.62 with $99,220.00 in turnover.

Structure & Formations

Price action revealed a key resistance cluster near 0.672 and a support level at 0.663, both tested multiple times during the session. A doji formed at 0.662 around 21:00 ET, indicating indecision. A bullish engulfing pattern emerged near 0.665 in early morning trading, suggesting a potential short-term reversal in bearish momentum.

Moving Averages

On the 5-min chart, the 50-period moving average crossed below the 20-period MA in the early morning, signaling bearish bias. Daily moving averages (50/100/200) remained aligned with a sideways trend, with no clear breakouts from the consolidation range of 0.652–0.679.

MACD & RSI

MACD showed bearish divergence during the late-night and early morning selloffs, reinforcing the risk of further declines. RSI briefly entered overbought territory near 0.679 but pulled back into neutral territory, suggesting that the rally lacked conviction.

Bollinger Bands

Bollinger Bands demonstrated a midday contraction between 17:00–19:00 ET, followed by a late-night expansion during the selloff. Price remained within the bands for much of the session, though tested the lower boundary several times during the 20:00–22:00 ET window.

Volume & Turnover

Volume spiked during the selloff from 0.669 to 0.656, with the largest 5-minute volume at 0.663 (16337.45). Turnover also surged during this period, confirming the move lower. Price and turnover aligned, with no clear divergence, indicating a relatively strong bearish signal.

Fibonacci Retracements

Key Fibonacci levels from the 0.652–0.679 swing saw price testing the 61.8% retrace level at approximately 0.666. A bounce from this level may suggest a potential short-term support, while a break below 0.663 could target the next major level at 0.659.

Looking ahead, the next 24 hours may see traders test the 0.663 support and 0.672 resistance levels. A sustained break below 0.663 could increase bearish momentum, while a close above 0.672 could rekindle bullish sentiment. Investors should remain cautious as volatility remains elevated and the RSI shows signs of exhaustion.