Market Overview: Kusama/Tether (KSMUSDT) 24-Hour Analysis

Summary
• Price action shows a bearish bias from a prior high of $7.98 to a 24-hour low of $7.71.
• Momentum weakened in the RSI, with a divergence from the price rebound in the final hours.
• Volatility remains compressed in Bollinger Bands as volume distribution suggests uneven participation.

Kusama/Tether (KSMUSDT) opened at $7.88 on 2026-01-10 12:00 ET, reached a high of $7.98, a low of $7.71, and closed at $7.79 by 12:00 ET on 2026-01-11. The 24-hour volume totaled 32,023.88 KSM, with a notional turnover of $248,465.66.

Structure & Formations

The price formed a bearish trendline from $7.98, with key support levels at $7.81 and $7.76. A hanging man pattern emerged near $7.82, suggesting potential bearish continuation, while a bullish hammer at $7.75 hinted at possible reversal support.

Moving Averages

On the 5-minute chart, the price closed below both 20-EMA and 50-EMA, signaling short-term bearish momentum. Daily moving averages show the price remains below the 50- and 200-day lines, indicating a bearish bias on a broader scale.

MACD & RSI

The MACD crossed below the signal line, with a bearish histogram, reinforcing the downside trend. RSI moved from overbought territory (above 70) to oversold (below 30), showing exhaustion and potential reversal. A price low of $7.71 coincided with RSI at 29.

Bollinger Bands

Volatility remained within a tight range for much of the session, with price lingering near the lower band for several hours. The final 5-minute candles showed a slight expansion in the bands as buyers entered near $7.75.

Volume & Turnover

Volume was unevenly distributed, with significant selling pressure evident in the mid-session drop to $7.71. A volume spike of 4,407.77 KSM occurred during a rebound from $7.73 to $7.75, potentially signaling short-covering or accumulation.

Fibonacci Retracements

On the 5-minute chart, price found rejection near the 61.8% retracement level of the $7.88–$7.98 bullish move. The 38.2% level at $7.85 offered temporary resistance before a sharp decline.

Market participants may watch for a breakout from the $7.75–$7.81 range, as a sustained move above $7.85 could rekindle short-term bullish momentum. A further decline below $7.71 would likely intensify bearish bias, but caution is warranted due to thin order flow at current levels.