Market Overview for Kamino Finance/Tether (KMNOUSDT) – 2025-09-17

• Price surged from $0.06706 to $0.07455, reaching a 24-hour high.
• RSI climbed above 60, indicating overbought conditions with momentum.
• Volume spiked sharply during the rally, with notional turnover exceeding $396M.
• A bullish engulfing pattern formed near the 12:30–13:45 ET window, confirming a breakout.
• Price retested key support levels before resuming the upward trend, showing strong buyer conviction.

The Kamino Finance/Tether (KMNOUSDT) pair opened at $0.06706 on 2025-09-16 at 12:00 ET and closed at $0.07328 on 2025-09-17 at 16:00 ET. The 24-hour high reached $0.07455, while the low was $0.06623. Total notional volume across the 15-minute candles was 139,874,644.0 with a total turnover of $9.67M (assuming USDT pricing).

Structure & Formations

Price action displayed a strong bullish bias, with a decisive break above the 0.0680–0.0685 resistance cluster. Key support levels formed at $0.0665–0.0668, which were tested twice and held firm. The most notable candlestick pattern was a bullish engulfing pattern during the 13:30–13:45 ET window, confirming the continuation of the upward move. A high-wave candle at $0.0693 suggested a consolidation phase, but the rally quickly resumed.

Key Resistance & Support Levels

• Support: $0.0662–0.0665 (tested twice, held), $0.0673 (psychological level).
• Resistance: $0.0685–0.0688 (broken), $0.0702–0.0705 (current key resistance).

Candlestick Patterns

• Bullish Engulfing: 13:30–13:45 ET
• Bearish Shooting Star: 12:00–12:15 ET (failed)
• Doji Formation: 08:00–08:15 ET (suggesting indecision during consolidation).

Moving Averages

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA, signaling a bullish crossover. The price remained above both moving averages for most of the 24-hour period, confirming the strength of the trend.

On the daily chart, the 50-period SMA crossed above the 100-period and 200-period SMAs, forming a golden cross, a strong bullish signal. The 200-period SMA currently sits at $0.0662, acting as a long-term support level.

MACD & RSI

The MACD turned positive and remained above the signal line, with the histogram showing a consistent bullish divergence. The RSI reached 68 at 15:30 ET, entering overbought territory but remained elevated, suggesting strong buying pressure.

RSI divergences occurred around 14:15 ET, where price continued to rise while RSI flattened, suggesting momentum fatigue. However, the subsequent 15:30–16:00 ET rally pushed RSI above 70, indicating aggressive buying in the short term.

Bollinger Bands

Bollinger Bands reflected expanding volatility, especially after 13:00 ET, following a period of contraction from 05:00–10:00 ET. The price remained near the upper band for much of the day, indicating overbought conditions and strong momentum. The bands tightened briefly around 09:00–10:00 ET, suggesting a potential breakout, which materialized shortly after.

Volume & Turnover

Volume surged to 5.4M at 13:30 ET, coinciding with the breakout above 0.0685. The notional turnover reached a peak of $396M, reflecting heavy institutional or algorithmic buying. The volume-to-price correlation remained positive throughout the rally, with no significant divergence between price and volume.

Fibonacci Retracements

Applying Fibonacci to the recent swing from $0.06623 to $0.07455, key levels include:
- 38.2% at $0.0709
- 61.8% at $0.0686

Price tested the 61.8% level and bounced off it, suggesting strong demand in that area.

Backtest Hypothesis

Based on today’s price behavior, a backtest could be designed to enter long at the bullish engulfing pattern (13:30–13:45 ET) with a stop loss just below the 0.0680–0.0685 consolidation range. A target could be set at the 61.8% Fibonacci level of $0.0686, with an exit at the 78.6% level ($0.0710). Given the strong volume and momentum, this pattern may offer a favorable risk-reward setup over the next 24–48 hours, provided the key resistance at $0.0702–0.0705 holds.

Looking ahead, Kamino Finance/Tether is likely to face immediate resistance at $0.0702–0.0705 and $0.0710, where a pullback or consolidation is expected if momentum slows. A break above $0.0720 would signal a stronger bullish case for further gains, but investors should be cautious of a potential overbought RSI reversal and volume divergence.

Risk caveat: A test of $0.0680 could occur if the rally is short-lived or if broader market sentiment shifts.