Market Overview for Kamino Finance/Tether (KMNOUSDT): 2025-10-29

• Price dropped sharply from 0.068 to 0.0639 amid high volatility and mixed candlestick patterns.
• RSI and MACD signal potential bearish momentum with overbought-to-oversold transitions.
• Volume surged during the initial dip, then waned, indicating uncertain follow-through.
• Key support near 0.064–0.065 and resistance at 0.067–0.068 levels were tested multiple times.
• Bollinger Bands show widening volatility with price bouncing between upper and lower bands.

Kamino Finance/Tether (KMNOUSDT) opened at 0.06748 on October 28, 2025, and reached a high of 0.06838 before dropping to a 24-hour low of 0.0639. The 24-hour close as of 12:00 ET on October 29 was 0.06394. Total trading volume was 33,067,970.0 units, with a notional turnover of $2,249,602.73 (assuming 1 KMNO = $0.065 average rate for turnover estimate).

The price action was dominated by a strong bearish move starting at 16:45 ET, where a large bearish candle (0.06785–0.06623) signaled a shift in sentiment. This was followed by a series of lower highs and lower closes, punctuated by a bearish engulfing pattern and a deep doji around 0.0644–0.0646, hinting at potential exhaustion in the downward move. A key support zone between 0.064 and 0.0645 held multiple times, while resistance levels near 0.067–0.068 failed to hold, suggesting stronger bearish control in the short term.

Structure & Formations

A bearish engulfing pattern formed on the candle at 16:45 ET, confirming a shift in momentum. A deep doji at 0.0644–0.0646 hinted at a potential consolidation phase. The price action showed multiple tests of the 0.064–0.065 support zone, which held with relatively strong buying pressure at the lower end of that range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in bearish crossover, reinforcing downward bias. On the daily chart, the 50-period MA is above the 100-period and 200-period MAs, indicating bearish pressure in the longer term.

MACD & RSI

The MACD turned negative after the 16:45 ET bearish engulfing candle, with the histogram shrinking slightly as the price bounced near 0.0645, suggesting short-term easing in bearish momentum. RSI crossed below 30 after 20:00 ET, entering oversold territory, but failed to produce a strong bounce, suggesting bearish exhaustion may still be unfolding.

Bollinger Bands

Volatility expanded as the price dropped from the upper Bollinger Band to near the lower band. The price has since been consolidating near the lower band, indicating a potential rebound or continuation of the downward trend depending on volume and order flow.

Volume & Turnover

Volume surged during the initial drop from 0.068 to 0.066, peaking at 1.95 million units on the 16:45 ET candle. However, volume has waned as the price approached the 0.0645–0.065 support zone, indicating weaker conviction in the bearish move. The turnover also declined after the initial sharp drop, suggesting reduced short-term speculative interest.

Fibonacci Retracements

Applying Fibonacci retracement to the 0.0674–0.06623 swing, the 0.0647–0.0648 level corresponds to the 61.8% retracement, which acted as a short-term support. If the price breaks below 0.064, it could test the 38.2% level at 0.0632–0.0635.

Backtest Hypothesis

The backtesting strategy in question is focused on identifying and exploiting bearish engulfing patterns in the KMNO/USDT pair. Given the presence of a strong bearish engulfing candle on the 16:45 ET chart, it would be valuable to confirm whether this pattern has historically led to short-term price declines or rebounds. Since reliable historical data for the symbol KMNOUSDT appears to be unavailable, validating the correct ticker or retrieving a list of bearish engulfing events would allow a more accurate backtest. A successful strategy would assess the 1-, 2-, and 3-day returns following such patterns, identifying whether they consistently result in profitable short positions or false signals.

Looking ahead, the immediate support at 0.0645–0.065 and the 0.0632–0.0635 Fibonacci level are critical to watch. If the price holds above these levels, a consolidation or small rebound may follow, but a break below 0.064 could reignite bearish momentum. Investors should remain cautious given the mixed volume patterns and lack of strong conviction in the current direction.