Market Overview for Kamino Finance/Tether (KMNOUSDT) – 2025-10-03

• Kamino Finance/Tether (KMNOUSDT) rose from 0.07324 to a peak of 0.07723, closing at 0.07436 amid strong early buying.
• Price formed a bullish engulfing pattern at the session high and later consolidated near key support at 0.0740–0.0745.
• MACD crossed above zero, suggesting renewed short-term momentum, but RSI suggests moderate overbought levels.
• Volatility expanded during the early session before narrowing, with a peak in volume around 0.076–0.077.
• Fibonacci retracements identified key 61.8% and 38.2% levels near 0.0747 and 0.0739, shaping potential near-term pivots.

Kamino Finance/Tether (KMNOUSDT) opened at 0.07324 at 12:00 ET–1 and reached a high of 0.07723 before closing at 0.07436 at 12:00 ET. The price traded within a range of 0.07324 to 0.07723, with a total trading volume of 13,463,053 and notional turnover of 964,585. The pair showed early bullish momentum, followed by a consolidation phase near key support levels.

Structure & Formations

The price formed a bullish engulfing pattern early in the session as it moved from 0.07416 to 0.07481 before consolidating. A notable doji formed around the 0.0760 level, indicating indecision. Key support levels were identified at 0.0740–0.0745, where price found a floor after a sharp decline from 0.07723. Resistance levels emerged at 0.0765 and 0.0755, with price struggling to break above them for a sustained period.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed in a bullish manner early in the session, confirming the initial upward move. On the daily timeframe, the 50-period moving average remains below the 200-period line, indicating a broader bearish trend that the 15-minute chart has yet to fully align with. The price appears to be testing the 50-period MA as a potential near-term support/resistance pivot.

MACD & RSI

The MACD line crossed above the signal line during the early session and remained positive, confirming a short-term bullish bias. The RSI peaked at 66, indicating overbought conditions, but did not enter extreme overbought territory. A bearish divergence was noted between the RSI and price during the decline from 0.07723 to 0.07436, suggesting potential near-term selling pressure after a possible bounce from 0.0740.

Bollinger Bands

Volatility expanded in the early hours as the price surged from 0.0735 to 0.07723, pushing it close to the upper band. As the session progressed, volatility contracted, and the price moved closer to the middle band. The 20-period Bollinger Bands showed a potential contraction near the end of the session, indicating a possible setup for a breakout or continuation move depending on the next 24-hour action.

Volume & Turnover

Volume spiked sharply during the early hours, reaching a high of 999,945 in the 19:45 candle, confirming the strength of the initial upward move. Turnover also rose in tandem, particularly during the 19:45–20:30 window. However, as the price declined from 0.07723, volume decreased, signaling reduced conviction in the bearish move. This divergence between price and volume could suggest that the downside may not hold much further unless new selling pressure emerges.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from 0.07324 to 0.07723, the 61.8% retracement level is at approximately 0.0747, where the price tested twice and failed to break through. The 38.2% level is near 0.0739, where the price found a strong support base. These levels may act as critical decision points for traders over the next 24 hours.

Backtest Hypothesis

A potential backtesting strategy involves entering a long position on a bullish engulfing pattern forming above the 20-period moving average, confirmed by a MACD crossover above zero and a RSI above 50. The stop-loss could be placed just below the 38.2% Fibonacci level, while the target is set at the 61.8% retracement level. This approach could be tested over the past 30 days to evaluate profitability and risk-reward ratios, particularly in volatile markets where strong intraday moves are common.