Kamino Finance/Tether Market Overview

Summary

• KMNOUSDT traded in a range of $0.05617 to $0.06279 with a 24-hour close of $0.06104.
• Momentum shifted from overbought RSI levels to bearish territory by the end of the day.
• Bollinger Band volatility remained elevated with price near the upper band in the latter hours.
• Volume surged in the final 6 hours, with turnover confirming late-day bearish pressure.

Market Overview

Kamino Finance/Tether (KMNOUSDT) opened at $0.05714 on 2025-11-03 at 12:00 ET, reached a high of $0.06279, and closed at $0.06104 on 2025-11-04 at 12:00 ET. The 24-hour volume amounted to 78,505,316.0 and turnover was $4,814,314.72, reflecting heightened interest and volatility.

The price structure showed a key resistance at $0.0600–$0.0620 and support near $0.0575–$0.0590. A bearish engulfing pattern formed near the 15-minute high, followed by a series of lower highs and lower closes. The 20 and 50-period EMA crossed in bearish alignment during the last 6 hours.

RSI reached overbought territory above 70 early in the session before declining to below 50 by the close, signaling a shift in momentum. MACD crossed below the signal line mid-session and remained negative, reinforcing bearish sentiment. Bollinger Bands widened from 0.0575 to 0.0628, with the last 6 hours seeing price near the upper band, indicating high volatility.

Volume was concentrated in the final 6 hours, with a surge of nearly 15 million contracts traded between 11:00 AM and 5:00 PM ET. This coincided with a sharp pullback from the $0.0620 level. Notional turnover expanded during this time, confirming the strength of the bearish move.

Fibonacci retracement levels from the $0.0570 to $0.0628 swing showed a 61.8% level at $0.0615 and a 50% level at $0.0600. Price found support at both levels before breaking below, suggesting short-term bearish continuation.

Backtest Hypothesis

To build a backtesting framework for KMNOUSDT, a 3-day-hold strategy could be developed using RSI(14) signals to confirm overbought and oversold levels. Traders might enter long positions when RSI falls below 30 and exit after 3 days or when RSI rises above 70, whichever comes first. This strategy could be backtested from 2022-01-01 to today using the correct ticker symbol and standard RSI parameters. Once the ticker symbol is confirmed, a detailed backtest can be run to assess its performance and robustness.