Market Overview for Kamino Finance/Tether (KMNOUSDT): Volatility, Recovery, and Key Resistance Tests

• Price opened at $0.06074 and closed at $0.06205 after a volatile 24-hour session.
• A sharp pullback into the 24-hour low of $0.05734 was followed by a recovery toward prior resistance.
• Volume spiked during the 20:30–21:30 ET range, confirming the recent rally.

Kamino Finance/Tether (KMNOUSDT) opened at $0.06074 on 2025-11-04 at 12:00 ET and closed at $0.06205 at the same time the next day, with a 24-hour high of $0.06238 and a low of $0.05734. The pair recorded a total volume of 191,885,555.0 and a notional turnover of approximately $11,728,798.08. The 24-hour price swing shows a mix of bearish and bullish momentum, with a notable recovery from the 24-hour low.

The 15-minute candlestick chart reveals a complex pattern. A deep bearish engulfing pattern formed on 20:30 ET on the 15-minute timeframe, followed by a bullish recovery suggesting buying pressure at lower levels. The price tested the 0.0583–0.0601 range multiple times, forming a potential support cluster. Resistance levels appear to be building at 0.0605–0.0610 and 0.0615–0.0620, with the latter being a recent ceiling. A key bearish reversal doji appears at the 2025-11-04 22:15 ET level, indicating indecision among traders near the 0.0608 level.

MACD and RSI suggest mixed momentum. The RSI reached a low of 24.4 (oversold) during the 2025-11-04 20:30 ET timeframe, followed by a moderate recovery to 55.2 by the end of the 24-hour window. MACD crossed into positive territory after 01:00 ET on 2025-11-05, signaling bullish momentum. However, the histogram remains narrow, suggesting caution about sustained upward momentum. Bollinger Bands show a moderate volatility expansion, with price staying near the lower band for most of the session before moving closer to the middle band.

Volume and turnover data confirm the bearish pullback followed by a recovery. The largest single 15-minute volume spike occurred at 2025-11-04 20:30 ET, where the price dropped to $0.05734. This was followed by a rapid rebound, suggesting strong support in that area. The price-volume divergence suggests the recovery may be driven more by short-covering than by broad-based buying. As the price tests key resistance levels, a sustained close above 0.0620 may trigger further gains.

Fibonacci retracement levels applied to the 24-hour swing from $0.05734 to $0.06238 show the current price near the 76.4% retracement level at $0.0616. A break above this level could target the 100% extension at $0.06503, while a retest of the 61.8% level at $0.06057 could offer another key pivot point. On the 15-minute chart, retracements applied to the 0.05734–0.0616 move show the current price sitting near the 78.6% level.

Backtest Hypothesis
The RSI-based trading strategy described appears to align well with the observed 24-hour action. A short signal would have been triggered around 2025-11-04 20:30 ET when RSI dropped into the 24.4 oversold zone, and a long signal would have occurred as RSI moved into the 55.2 range by the end of the session. This suggests the strategy could effectively capture short-term mean-reversion opportunities. If applied over a longer period, the strategy would benefit from a backtest using historical RSI data and exit signals to evaluate risk-adjusted returns.