Market Overview for Kusama/Tether (KSMUSDT) on 2025-11-04

• KSMUSDT traded between $9.37 and $9.94 over the last 24 hours with a late-night bearish reversal.
• Price closed at $9.52 after a sharp dip overnight, with volume surging during the decline.
• RSI shows oversold conditions, while MACD turns negative, hinting at potential bearish momentum.

Kusama/Tether (KSMUSDT) opened at $9.54 on 2025-11-03 at 12:00 ET and reached an intraday high of $9.94 before declining to a low of $9.37. The pair closed at $9.52 at 12:00 ET on 2025-11-04. The 24-hour volume amounted to approximately 193,169.23 KSM, with a notional turnover of ~$1,788,848.81.

The 15-minute chart reveals a bearish reversal pattern after a morning consolidation. A key support level appears around $9.37–$9.41, where the price found a floor in the overnight session. Resistance is forming at $9.56–$9.60, where the price stalled multiple times during the session. A bearish engulfing pattern occurred at $9.54–$9.51 in the early hours of 2025-11-04, signaling a shift in sentiment.

Structure & Formations

The market displayed a clear breakdown pattern on the 15-minute timeframe following the early morning peak. A descending triangle formation is evident from $9.64 to $9.37, with recent price action confirming the breakdown. A notable doji appeared at $9.52 around 05:45 ET, indicating indecision and potential for a short-term reversal. The bearish engulfing pattern near $9.54 also reinforced bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs are both trending lower, with the price currently below both. This confirms a short-term bearish bias. On the daily chart, the 50-period and 100-period SMAs are converging, suggesting a possible equilibrium period in the near term. The 200-period SMA remains well above current levels, indicating a medium-term bearish tilt.

MACD & RSI

The MACD line turned negative in the early morning and is now below the signal line, supporting the bearish momentum. The RSI has dipped below 30, signaling oversold conditions, though divergence is limited. A potential rebound could be expected if volume confirms buying interest around the $9.45–$9.50 range.

Bollinger Bands

Volatility expanded significantly after 06:00 ET as the price broke down below the lower band. The current price is near the lower Bollinger Band, which may offer support or trigger further sell-offs if momentum persists. The narrowing of the bands prior to the breakdown suggests a consolidation phase had ended.

Volume & Turnover

Volume spiked dramatically during the overnight sell-off, with a sharp increase in turnover observed between 04:00 and 06:00 ET. This confirms the bearish price action during that period. However, volume has since declined, indicating reduced conviction in the move lower. A divergence between price and volume could hint at a potential short-term bottom.

Fibonacci Retracements

Fibonacci levels applied to the recent 15-minute swing from $9.94 to $9.37 show key levels at 38.2% ($9.70), 50% ($9.66), and 61.8% ($9.61). The price briefly rebounded near the 61.8% level before resuming the decline, suggesting limited near-term support. On the daily chart, the 61.8% retracement level of a larger bearish leg is at $9.45, where the price is currently consolidating.

Backtest Hypothesis

The potential for a Bullish-Engulfing pattern to serve as a reliable entry signal is still under validation for KSMUSDT. The current data request failed due to a missing asset base info node, suggesting the need for a more stable or detailed input source. One approach is to attempt an alternate symbol format, such as “KSM-USDT” or “KSM/USDT,” or specify a preferred exchange, such as Binance or KuCoin, for more accurate data retrieval. Alternatively, if you have a pre-identified set of Bullish-Engulfing dates or raw OHLC data, we could use that to manually run the backtest. Given the recent bearish momentum, a successful backtest on this pattern may offer insights into potential short-term rebounds.