Market Overview for Kamino Finance/Tether (KMNOUSDT)

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

The RSI (14) moved into overbought territory (~70) at the end of the session, suggesting a possible pullback. MACD showed positive divergence with bullish histogram expansion. Bollinger Bands widened as the price moved away from the mean, reflecting rising volatility in the final hours.

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.