Kamino Finance/Tether Market Overview

• Price surged 7.8% to $0.06338 from $0.06416 after a sharp selloff in early ET.
• High volatility and volume spikes suggest strong short-term interest, followed by consolidation.
• RSI oversold conditions and a bullish engulfing pattern hint at potential rebound.
• Bollinger Band contraction in the final hours suggests a pause in momentum.
• Divergence between price and volume in the final 6 hours raises caution for near-term reversals.

Kamino Finance/Tether (KMNOUSDT) opened at $0.06416 on 2025-09-13 12:00 ET, hit a high of $0.06842, and closed at $0.06338 by 2025-09-14 12:00 ET. The pair saw a total volume of 143,295,299 and notional turnover of $9,213,391 over 24 hours.

Structure & Formations

The 15-minute OHLCV data reveals a bearish reversal pattern early in the session, marked by a long upper wick and a sharp decline in the first few candles. After a mid-session rally, a bullish engulfing pattern emerged around $0.06303, suggesting buyers attempted to regain control. Key support levels appear at $0.06338 and $0.06259, while resistance is forming near $0.06460 and $0.06560.

A doji formed at $0.0656 around 04:15 ET, signaling indecision. A strong bearish gap at $0.06598 to $0.06654 suggests a significant shift in sentiment.

Moving Averages

On the 15-minute chart, the price remained below the 20-period and 50-period moving averages for most of the session, indicating bearish momentum. However, a brief crossover near $0.06303 to $0.06338 suggests a short-term bullish bias. On the daily chart, the 50-period MA is above the 200-period MA, suggesting longer-term strength despite recent volatility.

MACD & RSI

The 15-minute MACD line crossed below the signal line early in the session, confirming bearish momentum. The RSI hit oversold territory around $0.06259, indicating a potential bounce. A subsequent MACD crossover above the signal line in the last few hours suggests a re-entry of bullish sentiment.

Bollinger Bands

The price broke below the lower Bollinger Band in the early hours and remained near it for much of the session, indicating high volatility. A narrowing of the bands between 04:00 and 06:00 ET suggests a potential consolidation period, followed by a breakout attempt.

Volume & Turnover

Volume spiked significantly in the first two hours of the session, coinciding with the bearish breakdown, but declined sharply after 03:00 ET. A large volume surge was seen during the bounce to $0.06303–$0.06338, confirming the move. Notional turnover also peaked during this phase, suggesting active participation from larger players.

Fibonacci Retracements

The 61.8% retracement level of the previous bearish swing is at $0.06338, aligning with the closing price. The 38.2% level is at $0.06453, suggesting a potential area for further consolidation if the price stalls.

Backtest Hypothesis

The described backtesting strategy could be implemented using a combination of the 20-period moving average and RSI for confirmation. A sell signal may be triggered when price closes below the 20-period MA with RSI above 70, while a buy signal may be generated when price closes above the 20-period MA with RSI below 30. This aligns with the observed behavior in the 15-minute data, where strong bearish and bullish reversals occurred near these thresholds.