Market Overview for Kamino Finance/Tether (KMNOUSDT) – 24-Hour Analysis

Summary
• Price fell from 0.06243 to 0.06169, forming bearish reversal patterns on key highs.
• High volume observed near 0.0623 and 0.0616–0.0617, confirming major support and distribution zones.
• RSI suggests oversold conditions at close, but bearish momentum remains dominant.
• Bollinger Band contraction noted during midday, followed by sharp expansion and a break lower.
• Turnover diverged from price near 0.0622, hinting at weakening bullish conviction.

The Kamino Finance/Tether (KMNOUSDT) pair opened at 0.06229 on 2025-12-13 at 12:00 ET, reached a high of 0.06243, and closed at 0.06169 by 12:00 ET on 2025-12-14. Total volume over 24 hours was approximately 7,515,343, with a notional turnover of $466,768 (based on weighted averages).

Structure & Formations

Price action formed multiple bearish signals, including a bearish engulfing pattern at 0.0622–0.06213 and a shooting star at 0.06243. A strong support level appears to have formed around 0.0617–0.0616, where price tested and bounced twice during the session.

Moving Averages

Short-term 5-minute moving averages (20/50) trended lower throughout the session, reinforcing the bearish bias. On the daily chart, the 200-period SMA remains above current levels, indicating that a deeper pullback may still be in play.

MACD & RSI

The MACD turned negative and remained bearish, with no sign of bullish divergence. The RSI closed in oversold territory (~28), but momentum has yet to reverse, suggesting bears may still have room to push lower.

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Bollinger Bands

A contraction in volatility occurred around 01:00–04:00 ET, followed by a sharp expansion as price broke below the lower band. This suggests a breakout on the downside that could target the next key level near 0.0610–0.0605.

Volume & Turnover

High volume was seen at the 0.0623 resistance and again in the 0.0616–0.0617 range, where price reversed. Notional turnover spiked during these levels, indicating strong conviction from large players. However, volume waned near the close despite the RSI signaling oversold conditions, hinting at limited buying interest.

Fibonacci Retracements

On the 5-minute chart, price tested the 61.8% Fib level at ~0.0619 before falling further. On the daily chart, the current low is near the 38.2% retracement of the recent bullish move, suggesting the bearish phase is still in its early stages.

Price appears to have broken a key support level, and while oversold conditions may attract buyers, bearish momentum remains strong. A test of 0.0610–0.0605 could be ahead, with a risk of further downside in the next 24 hours if volume does not pick up on the bounce.