Market Overview for Kamino Finance/Tether (KMNOUSDT) - 2025-10-24

• Kamino Finance/Tether (KMNOUSDT) traded in a 24-hour range of $0.05816–$0.06172, closing near intraday highs.
• A sharp bullish reversal occurred overnight, with price rising 6.3% after a key 15-minute RSI oversold bounce.
• Volume increased significantly in the early morning and late afternoon, aligning with price direction.
• Bollinger Bands widened during the morning rally, indicating heightened volatility and trend strength.
• A Bullish-Engulfing pattern formed at $0.0584, coinciding with a potential 38.2% Fibonacci retracement level.

Price Action and Range

Kamino Finance/Tether (KMNOUSDT) opened at $0.05972 on October 23 at 16:00 ET and closed at $0.05997 at 12:00 ET the following day. During the 24-hour period, the price reached a high of $0.06172 and a low of $0.05816. The total trading volume amounted to 25,918,845 units, with a notional turnover of approximately $1,540,715. Price action showed a strong morning rally and a bearish pullback in the evening, suggesting mixed sentiment.

Structure & Key Levels

Price found key support near $0.05816, where a large bearish candle at 21:45 ET marked a potential short-term floor. A strong bullish reversal occurred from $0.0584, coinciding with a potential 38.2% Fibonacci retracement level from a morning low. A 20-period EMA on the 15-minute chart hovered near $0.05975, indicating a potential entry point for longs. Resistance appears to be forming around $0.0605–$0.0607, where multiple candle closures and a 50-period EMA converge.

Moving Averages and Trend Direction

The 20-period and 50-period EMA on the 15-minute chart both trended higher during the morning rally, aligning with the bullish bias. On the daily chart, the 50-period and 100-period SMA crossed above the 200-period SMA, suggesting a potential medium-term uptrend. However, the recent pullback into the late afternoon suggests a possible test of the 50-period SMA as a dynamic support level.

Momentum and Oscillator Signals

The 14-period RSI moved into oversold territory (below 30) during the early morning session at $0.0584 before bouncing sharply higher. This suggests a potential short-term reversal point. Meanwhile, the MACD histogram crossed above zero, indicating a shift in bullish momentum. RSI values above 70 have occurred twice during the day, most recently at $0.0605, which could signal a potential overbought correction.

Volatile Expansion and Volume Dynamics

Bollinger Bands expanded during the morning rally, with price moving above the upper band for a short period, a strong signal of increased volatility and potential trend continuation. The bands have since contracted slightly, indicating a possible consolidation phase. Volume was notably higher during the morning and late afternoon sessions, with a significant volume spike at 04:45 ET coinciding with a break above $0.06001. Notional turnover increased in line with price direction, suggesting strong participation.

Fibonacci and Retracement Implications

The 38.2% Fibonacci retracement level from the morning low of $0.05816 to the high of $0.06172 sits near $0.0596, where price found a brief support. The 61.8% level is around $0.05975, which is also the 50-period EMA. If the price continues to retest these levels, it may suggest a potential consolidation before a breakout attempt.

Backtest Hypothesis

To refine the understanding of actionable entries and exits, we are proposing a backtest strategy centered on two key signals: 1) Bullish-Engulfing candlestick patterns, used to identify potential entry points, and 2) 14-period RSI values to manage exits on overbought conditions. Specifically, this strategy will trigger a long entry at the close of a confirmed Bullish-Engulfing pattern and a sell signal either when RSI drops below 70 after a peak or at the close of the first day RSI exceeds 70. This approach aims to capture short-term momentum swings while minimizing exposure to overbought exhaustion. The next step is to confirm the ticker symbol for data retrieval and proceed with a comprehensive backtest.