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Summary
• Price surged above 0.0605 after a bullish engulfing pattern near 0.0600.
• RSI reached overbought territory, while Bollinger Bands show widening volatility.
• Volume increased significantly in the last 6 hours, confirming the upward move.
Kamino Finance/Tether (KMNOUSDT) opened at 0.05939 on 2026-01-02 at 17:00 ET and closed at 0.06091 on 2026-01-03 at 12:00 ET. The pair reached a high of 0.06209 and a low of 0.05937, with total volume of 4,455,684.0 and turnover of 271,929.62 Tether in the 24-hour period.
Structure & Formations
Price action on the 5-minute chart formed a bullish engulfing pattern around 0.0600, following a consolidation phase between 0.0597 and 0.0599. A doji at 0.06005 signaled indecision before a breakout above key resistance. The 0.0605–0.0610 range now appears to be a new support zone.
Moving Averages
On the 5-minute chart, the 20-period and 50-period SMAs crossed into a bullish alignment, confirming short-term strength. The daily chart shows the 50-period SMA acting as dynamic support near 0.0595, with the 200-period SMA at 0.0585 still below current levels.
Momentum and Volatility

Volume and Turnover
Volume spiked above 400,000 in the 05:45–08:45 ET window, aligning with the price surge. Notional turnover increased in tandem, indicating strong conviction behind the upward move. A minor divergence occurred around 07:45 ET when volume dipped but price continued to rise.
Fibonacci Retracements
The 5-minute chart swing from 0.0597 to 0.06205 aligned with a 61.8% retracement at 0.0613, which price briefly tested but rejected. On the daily chart, the 38.2% retracement of the prior downtrend (~0.0603) acted as a key support before the break higher.
In the next 24 hours, the pair may consolidate between 0.0605 and 0.0615 as traders digest recent gains. A breakdown below 0.0600 could reignite bearish momentum, while a confirmation above 0.0625 would indicate stronger bullish intent. Investors should remain cautious of potential profit-taking near key resistance levels.
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