Market Overview for Kamino Finance/Tether (KMNOUSDT)

Summary
• Price surged from 0.05102 to 0.05202 before consolidating near 0.05165.
• Volume and turnover rose sharply during the 04:00–05:00 ET window.
• A bullish engulfing pattern formed at 03:45 ET, followed by a bearish reversal at 05:15 ET.
• RSI overbought at 70 during peak rally, suggesting potential pullback risk.
• Bollinger Bands narrowed ahead of the 04:00 ET breakout, signaling increased volatility.

24-Hour Price Summary

Kamino Finance/Tether (KMNOUSDT) opened at 0.05102 (12:00 ET-1), surged to a high of 0.05202, and closed at 0.05165 (12:00 ET), with a low of 0.05102 over the 24 hours. Total volume reached 6.65 million, with turnover of 338,623 USDT.

Price Structure and Momentum

A strong bullish engulfing pattern emerged at 03:45 ET, pushing price above 0.05186, followed by a bearish reversal at 05:15 ET as the candle closed near the session low. RSI reached 70 during the rally, indicating overbought conditions and the possibility of a short-term pullback.

Volatility and Bollinger Bands

Bollinger Bands contracted tightly before the 04:00 ET breakout, suggesting a buildup in momentum. Following the breakout, price traded within the upper band for 90 minutes before consolidating near the mid-band, indicating a potential shift in volatility.

Volume and Turnover Analysis

Volume and turnover spiked significantly between 04:00 and 05:00 ET, with one 5-minute candle contributing over 322,000 units of volume and $16.5 million in turnover. A divergence appeared later in the session, as volume waned despite continued sideways price action, suggesting a possible pause in directional bias.

Fibonacci and Key Levels

Price tested the 61.8% Fibonacci retracement level at 0.05149 during the consolidation phase, bouncing higher. The 0.05164–0.05186 range may serve as a short-term resistance area, while 0.05130–0.05140 appears to be a key support zone based on recent rejections.

Kamino Finance/Tether appears to have completed a short-term bullish wave but faces key resistance near 0.05186. A break below 0.05130 could trigger a deeper correction, while a retest of the 0.05202 high could renew momentum. Investors should monitor volume for signs of divergence or confirmation in the next 24 hours.