Market Overview for Kamino Finance (KMNOUSDT): 24-Hour Analysis

• Kamino Finance (KMNOUSDT) closed 9.6% lower at $0.05569 after a sharp selloff in early ET hours.
• Momentum deteriorated with RSI below 30, signaling oversold territory but not confirming a reversal.
• Volatility expanded significantly with Bollinger Bands widening post-04:00 ET.
• Volume surged past 15 million during the selloff, confirming bearish conviction.
• A key support level appears forming near $0.0545–$0.0550, with potential for a bounce or further decline.

Kamino Finance (KMNOUSDT) opened at $0.05618 on 2025-07-30 12:00 ET and reached a high of $0.05745 before plunging to a 24-hour low of $0.05306. The pair closed at $0.05569 by 12:00 ET on 2025-07-31. Total volume for the 24-hour period was 14,496,807, with notional turnover amounting to approximately $788,000.

Structure & Formations

Price action formed a bearish continuation pattern from around $0.05700, with a sharp decline following a long upper shadow and bearish engulfing candles. A potential support zone emerged between $0.0545–$0.0550, where price consolidated briefly before resuming the decline. No strong bullish reversal patterns were observed during the 24-hour window.

Moving Averages

On the 15-minute chart, the 20 and 50-period moving averages both trended downward, reinforcing the bearish bias. Price closed below both, indicating continued bearish momentum. On the daily chart, the 50 and 100-period moving averages suggest a medium-term downtrend, with the 200-day MA acting as a strong resistance level if a reversal is to occur.

MACD & RSI

The MACD turned negative and remained below the signal line, with bearish divergence evident during the selloff. The RSI dropped below 30, suggesting oversold conditions, though a reversal is not confirmed due to lack of follow-through buying. Momentum appears to have shifted decisively to the downside.

Bollinger Bands

Volatility expanded significantly after 04:00 ET, with the upper band reaching $0.0575 and the lower band falling to $0.0540. Price closed near the middle band, suggesting a potential consolidation phase. A further breakdown below the lower band could accelerate the decline.

Volume & Turnover

Volume surged during the selloff, with over 850,000 contracts traded between 04:00 and 06:00 ET. Notional turnover spiked as price dropped from $0.0570 to $0.0550, confirming bearish conviction. The lack of follow-through buying after the $0.0560 level indicates weak demand.

Fibonacci Retracements

Fibonacci levels for the recent 15-minute swing show key levels at 38.2% ($0.0562) and 61.8% ($0.0557). Price found limited support at both levels before continuing the decline. On the daily chart, the 61.8% retracement level is near $0.0545, which could serve as a short-term floor.

Kamino Finance may test the $0.0545–$0.0550 support zone in the next 24 hours, with a potential bounce or further breakdown possible. Investors should remain cautious and monitor volume and RSI for signs of a reversal or continuation.