Market Overview for Kamino Finance/Tether (KMNOUSDT): Volatility and Bullish Momentum on the Rise

Summary
• Price tested key support near 0.0566 and bounced with bullish divergence on RSI.
• Volume surged during the 0.0575–0.0582 rally, confirming strength in upward moves.
• Bollinger Bands showed contraction before 06:00 ET, followed by a breakout above the upper band.
• 50-period 5-min MA acted as dynamic support, with price retesting it multiple times.
• 61.8% Fib retracement level aligned with the 0.0573–0.0578 consolidation, hinting at potential reversal.

Kamino Finance/Tether (KMNOUSDT) opened at 0.05772 on 2026-01-11 12:00 ET, touched a high of 0.05828 and a low of 0.05658, closing at 0.05689 on 2026-01-12 12:00 ET. The 24-hour volume was approximately 12.46 million KMNO, with a notional turnover of $706,870.

Structure & Formations

The 24-hour chart showed a distinct V-shaped recovery from a low of 0.05658. Key support levels at 0.0566–0.0568 held multiple times, with the 0.0573–0.0575 zone forming a crucial consolidation area. A bullish engulfing pattern emerged around 03:15 ET, followed by a higher high at 0.05828.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA around 02:15 ET, forming a golden cross. The daily chart shows the 50-period MA at 0.0572, above the 100-period MA (0.0570), with the 200-period MA acting as long-term support near 0.0567.

Momentum and Indicators

The RSI on the 5-minute chart bottomed near 30 at 0.0566, indicating oversold conditions and a potential reversal. The MACD turned positive after 02:00 ET, with a strong bullish crossover, supporting the upward move. Bollinger Bands showed a contraction before 06:00 ET, followed by a breakout above the upper band, confirming the bullish shift.

Volume and Turnover

Volume surged during the 0.0575–0.0582 rally, particularly between 03:15 ET and 05:00 ET. Notional turnover spiked in line with volume, showing strong conviction. Divergence between price and volume was minimal, indicating robust buying pressure.

Fibonacci Retracements

The 61.8% Fib retracement of the 0.05658–0.05828 move aligned with the 0.0573–0.0578 consolidation, suggesting a high probability of retesting this zone. Daily-level Fib levels suggest 0.0584 as a potential extension target if the trend continues.

The market appears to have gathered bullish momentum following a period of consolidation and a test of key support. A continuation of the current trend could see price testing 0.0584, though a break below 0.0568 may signal renewed bearish pressure. Investors should remain cautious of potential mean reversion or profit-taking near 0.0578.