Market Overview: Kamino Finance/Tether (KMNOUSDT) on 2025-12-23

Summary
• Price dipped to a 24-hour low of $0.04876 before consolidating near $0.0492.
• Volume surged in early ET hours, suggesting potential accumulation or distribution.
• A bearish engulfing pattern emerged during the session, signaling short-term bearish momentum.
• RSI remained in mid-range territory, showing no extreme overbought or oversold conditions.
• Bollinger Band contraction observed late into the night, hinting at a possible breakout.

Kamino Finance/Tether (KMNOUSDT) opened at $0.04994 on 2025-12-22 at 12:00 ET and traded between $0.04876 and $0.04998 over the next 24 hours, closing at $0.04911 on 2025-12-23 at 12:00 ET. Total volume reached 8,846,089 and turnover amounted to $438,971.

Structure & Formations

Price action displayed a bearish engulfing pattern during the 19:15–19:30 ET window, followed by a consolidation phase near key support at $0.0492. A small doji formed at 22:00 ET, suggesting indecision and a potential reversal. Support levels were visible at $0.0492, $0.0490, and $0.0488, while resistance sat at $0.0495 and $0.0497.

Moving Averages and Momentum

On the 5-minute chart, price closed below both the 20-period and 50-period moving averages, reinforcing the bearish bias. The 50-period MA stood at approximately $0.0494, forming a minor barrier. RSI fluctuated between 40 and 55, indicating neutral momentum without strong overbought or oversold signals. MACD remained bearish with the line below the signal line and negative histogram values.

Volatility and Bollinger Bands

Volatility expanded early in the session and gradually contracted in the late hours, especially from 03:00 ET onward. Price stayed within the Bollinger Band range for most of the period but approached the lower band at $0.04876, suggesting a potential bounce.

Volume and Turnover

Volume spiked during the 19:15 ET candle with 1,508,563 contracts traded, the largest single-candle volume, while turnover increased modestly. Price and turnover moved in tandem, suggesting aligned market activity. However, volume dipped significantly after 04:00 ET, indicating reduced conviction in the current trend.

Fibonacci Retracements

Applying Fibonacci to the 19:15–20:15 ET swing, price found support at the 61.8% level ($0.04915–$0.0491), which coincided with a key consolidation area. On the daily chart, the 50–61.8% retracement levels of the previous week’s major move remain critical for near-term direction.

Market appears to be consolidating around key support at $0.0491–$0.0492 ahead of a potential breakout. Traders should closely watch for a rejection from this level or a break below it, which could trigger a deeper correction. As always, be mindful of sudden liquidity shifts or news events that may disrupt the current trend.