Market Overview for Kamino Finance/Tether (KMNOUSDT)

• Price surged past $0.065 before retracting to $0.06345 amid mixed momentum.
• A bearish divergence in RSI suggests potential exhaustion in the rally.
• Volatility expanded in the afternoon, with volume peaking at ~$1.2M during the high.
• A key support level appears forming near $0.0635, with a bullish engulfing pattern observed in the late night.
• Bollinger Bands tightened in early morning before a sharp breakout.

Kamino Finance/Tether (KMNOUSDT) opened at $0.06378 on 2025-10-27 at 12:00 ET, surged to a high of $0.06758, and closed at $0.06752 on 2025-10-28 at 12:00 ET. The total volume reached ~10.38 million KMNO, with a notional turnover of approximately $694,384. Volatility and volume spiked significantly during the 13:00–15:00 ET window.

Structure & Formations

The 24-hour candlestick pattern exhibited a complex structure, with a notable bearish engulfing pattern observed after a sharp rally. A key support level appears to be forming near $0.0635, reinforced by the consolidation seen in the late night trading session. Resistance levels were identified around $0.0649 and $0.0658, with a potential breakout occurring after 13:00 ET. A doji at the early morning low ($0.06345) signals indecision and may indicate a reversal in the near term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed during the afternoon, signaling a potential shift in momentum. By the end of the session, price settled above both, suggesting a possible continuation of the upward move. On the daily chart, the 50-period moving average appears to be acting as dynamic support, while the 200-period MA remains below the current level, indicating a potential bullish bias.

MACD & RSI

The MACD line crossed above the signal line in the afternoon, confirming a bullish momentum phase that coincided with the price breakout. However, by late evening, the RSI approached overbought territory and then began to diverge from the price action, hinting at a possible exhaustion in the rally. The RSI crossed below the 50 threshold in the late night session, suggesting a potential pullback may be on the horizon.

Bollinger Bands

Bollinger Bands contracted tightly in the early morning, signaling a period of consolidation and low volatility. The price then broke out decisively above the upper band after 13:00 ET, indicating a strong bullish move. Throughout the session, price remained within the bands, with the upper band acting as a magnet during the rally. The recent expansion of the bands also suggests a high level of uncertainty and potential for further volatility.

Volume & Turnover

Trading volume spiked dramatically between 13:00 and 15:00 ET, coinciding with the high of $0.06758. This increase in volume confirmed the strength of the breakout. Turnover peaked during this time as well, reaching a 24-hour high of ~$1.2 million. The late-night pullback was accompanied by a moderate increase in volume, but not to levels sufficient to confirm a strong bearish shift. A divergence between price and volume appears in the last hours of the session, warranting further observation.

Fibonacci Retracements

Fibonacci levels drawn from the morning low to the afternoon high showed price finding support at the 38.2% and 61.8% levels during the late-night consolidation. A test of the 78.6% retracement is expected if the current bullish trend continues. On the 15-minute chart, price bounced off the 50% level several times before a final test of the 78.6% retracement at $0.0658 in the afternoon.

Backtest Hypothesis

Due to the absence of reliable RSI data for this pair, a backtest using the 14-period RSI as a momentum indicator is not feasible at this time. However, the current price behavior aligns with typical overbought conditions in a short-term rally. One potential workaround would be to use a 14-period RSI proxy derived from a similar market or apply the same logic to a shorter time frame using available 15-minute OHLCV data. If the price remains above $0.0645 in the next 24 hours, the bullish thesis will gain further credence, warranting a reevaluation of RSI conditions in future analysis.