Summary
β’ Price found key support near 0.0581β0.0582, rebounding with increasing volume late in the session.
β’ Momentum shifted from bearish to mixed, with RSI hinting at oversold conditions but without strong reversal confirmation.
β’ Volatility expanded through the night, with a 5.8% price range and Bollinger Bands widening toward 0.0578β0.0592.
β’ Volume spiked during the 05:00β08:00 ET window, coinciding with a sharp rebound off 0.0581 and above 0.0587.
Kamino Finance/Tether (KMNOUSDT) opened at 0.05867 on 2026-01-07 12:00 ET, reached a high of 0.05918, and a low of 0.05763, closing at 0.05786 on 2026-01-08 12:00 ET. Total volume was 8.49M, with turnover of $495.1K over the 24-hour window.
Structure & Formations
Price found support between 0.0581 and 0.0582 late in the session, forming a bullish reversal pattern as a small bullish engulfing candle appeared at 0.0581β0.0585. Resistance levels emerged at 0.0587 and 0.0589, where price stalled multiple times, particularly around 05:00β08:00 ET. A key 0.0585β0.0587 range acted as a psychological pivot, with a failed breakout and retest observed.
Moving Averages
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the early morning, signaling a potential short-term bullish bias.
The 50-period MA remained above the 100-period and 200-period on the daily chart, maintaining an overall neutral to mildly bearish stance.
MACD & RSI
The MACD crossed to positive territory in the early hours, coinciding with a sharp price rebound. RSI dropped to 30 near 0.0581, suggesting oversold conditions, but failed to produce a strong bullish reversal. Momentum remains mixed, with RSI hovering near 50 as the market consolidates.
Bollinger Bands
Bollinger Bands widened significantly during the session, with price touching the lower band near 0.0578 and the upper at 0.05918. The expansion suggests rising volatility, with the 0.0585β0.0587 range acting as a key mid-band level. Price appears to be consolidating near the mid-band.
Volume & Turnover
Volume surged during the 05:00β08:00 ET window, coinciding with a strong rebound from 0.0581 to above 0.0587. Turnover also spiked during this time, confirming the strength of the rebound. However, price failed to close above 0.0587, suggesting distribution pressures may still linger.
Fibonacci Retracements
On the 5-minute chart, a recent swing low at 0.05763 and a high at 0.05918 defined a 0.00155 range. The 38.2% retracement level at 0.05839 and 61.8% at 0.05879 acted as pivotal levels. Price stalled at both, with the 0.05879 level showing signs of resistance.
Price may consolidate near 0.0585β0.0587 over the next 24 hours, with a breakout above 0.05875 likely to shift sentiment to bullish. Traders should remain cautious of volatility and potential divergence if volume fails to confirm further moves.
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