Market Overview for Kusama/Tether (KSMUSDT) – 24-Hour Candlestick Summary

• KSM/USDT broke above a key resistance at $13.40 but faced immediate selling pressure.
• Volatility surged during early ET hours before stabilizing in late trading.
• Volume spiked in the early morning, with mixed price-volume divergence observed.
• RSI and MACD were not available due to data constraints.
• Price retested support at $12.50 before consolidating near $12.60.

The Kusama/Tether (KSMUSDT) pair opened at $12.97 on 2025-11-08 12:00 ET, hit a high of $15.24 during the session, and closed at $12.50 as of 2025-11-09 12:00 ET. The 24-hour volume amounted to 763,866.684 KSM, while the total turnover was approximately $10,161,064 (based on trade values). The price action showed a volatile morning rally followed by a broad consolidation.

A clear break above $13.40 occurred during the early ET hours, but no follow-through buying materialized, leading to a reversal and a pullback toward $12.50. On the 15-minute chart, a series of bearish engulfing patterns and long lower wicks emerged after the $15.24 high, suggesting exhaustion in the upward move. A notable bullish hammer was observed at $12.50, offering potential short-term support.

On the 20-period and 50-period moving average (15-minute chart), price moved from below the 20 MA to above the 50 MA early in the session, but the momentum quickly reversed. No divergence was observed between price and volume in the afternoon, as both declined during the consolidation phase. However, a divergence appeared in the morning, where price rose but volume failed to confirm the strength.

Bollinger Bands expanded significantly during the price surge to $15.24, indicating heightened volatility. Price subsequently retracted and settled near the lower band at $12.50, suggesting a temporary shift in sentiment. The 38.2% and 61.8% Fibonacci retracement levels from the $12.50 to $15.24 swing were at $13.76 and $14.34, respectively, but price failed to hold above $13.40.

The 15-minute chart shows a sharp rally from $13.12 to $15.24, followed by a broad consolidation phase. Key resistance levels were tested at $13.40 and $13.76, with no clear follow-through. The formation of bearish engulfing patterns and long lower wicks indicates bearish momentum. Support at $12.50 appears firm, and a potential test of that level could trigger a bounce.

Backtest Hypothesis

The unavailability of MACD and RSI data complicates the implementation of a backtesting strategy for KSMUSDT. However, assuming these indicators were available, a potential strategy could involve using a combination of RSI overbought/oversold signals and MACD histogram to time entries. For example, a long entry could be triggered when RSI drops below 30 and the MACD histogram turns positive, while a short entry could be activated when RSI rises above 70 and the MACD histogram declines. Given the current price structure, a bearish strategy with a stop-loss above $13.40 may be considered, with an initial target at $12.50 and a secondary target at $12.30.