Market Overview: Kamino Finance/Tether (KMNOUSDT)

• Kamino Finance/Tether (KMNOUSDT) posted a 24-hour low at 0.0748 before rebounding.
• Price broke above a bearish engulfing pattern with a 0.0773–0.0780 resistance cluster.
• Volatility surged after 20:00 ET, with a 3.7% 15-minute range and increasing turnover.
• RSI crossed into overbought territory after a sharp 0.0761–0.0786 rally.
• 20-period MA crossed above 50-period MA, signaling a short-term bullish momentum shift.

Kamino Finance/Tether (KMNOUSDT) opened at 0.07669 on 2025-10-07 12:00 ET and closed at 0.07671 on 2025-10-08 12:00 ET. The pair reached a high of 0.0799 and a low of 0.0748, with a total volume of 66,674,136.0 and a notional turnover of 5,176.2. This reflects a volatile but ultimately consolidation-bound session.

Structure & Formations

The price action displayed several key formations: a bearish engulfing pattern at 0.0773–0.0764 and a bullish harami near 0.0761–0.0762. A notable swing high at 0.0799 was followed by a pullback to 0.0766, forming a potential descending triangle pattern. A support zone emerged near 0.0763–0.0761, reinforced by repeated bounces and a doji at 0.07615. Traders may watch for a break above 0.0773 or a retest of the 0.0761 support.

Moving Averages

The 20-period moving average (MA) on the 15-minute chart crossed above the 50-period MA, signaling a short-term bullish bias. The 50-period MA is at 0.0768, aligning with the recent consolidation high. On the daily chart, the 200-period MA remains at 0.0764, suggesting the price is still within a longer-term neutral range but with potential for a breakout.

MACD & RSI

The MACD line crossed above the signal line in the morning, coinciding with a rally from 0.0761 to 0.0786. RSI reached an overbought level of 72, suggesting a possible pullback may occur. A divergence between price and RSI during the afternoon pullback indicated potential exhaustion among buyers, though this appears to have been negated by the late rebound.

Bollinger Bands

Bollinger Bands expanded significantly as price pushed to 0.0799, breaking out of a narrow consolidation phase. The upper band reached 0.0805 while the lower band settled at 0.0756. The price closed near the mid-band at 0.0767, indicating some short-term indecision. A sustained move above the upper band would confirm a breakout and signal a continuation phase.

Volume & Turnover

Volume spiked during the late afternoon and early evening, peaking at over 3.19 million at 21:45 ET. This coincided with the 0.0761–0.0786 rally and confirmed the strength of the move. Turnover increased in tandem, with a peak of 25,142 at 22:30 ET. Notably, volume during the early morning sell-off was relatively low, indicating weak bearish conviction.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0748–0.0799 swing, key retracement levels are at 0.0772 (61.8%) and 0.0764 (38.2%). The price found support near 0.0764 and tested the 0.0772 level twice during the consolidation phase. Traders may watch whether the 0.0772 level holds to validate the 61.8% retracement as a potential resistance-turned-support.

Backtest Hypothesis

A possible backtest strategy involves entering a long position upon the 20-period MA crossing above the 50-period MA on the 15-minute chart, with a stop-loss placed below the nearest support level (currently 0.0761) and a take-profit at the 61.8% Fibonacci level (0.0772). This strategy would aim to capture short-term bullish momentum during consolidation phases, with a risk management rule to exit if RSI drops below 50 or volume collapses.