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

Summary
• KSMUSDT broke above key resistance with a bullish engulfing pattern at 7.64–7.67.
• Momentum accelerated in final hours, with RSI nearing overbought and MACD positive.
• Volatility expanded sharply during the session, with Bollinger Bands widening significantly.
• Volume and turnover surged 10x near the close, confirming the breakout.
• Fibonacci retracement levels at 7.70 and 7.79 may act as initial resistance ahead.

Kusama/Tether (KSMUSDT) opened at 7.75 on 2026-01-09 at 12:00 ET, hitting a high of 8.14 and a low of 7.54 before closing at 7.86 at 12:00 ET. Total 24-hour volume was 58,240.45 KSM, with $354,308.46 in notional turnover.

Structure & Formations

A bullish engulfing pattern formed around 7.64–7.67 during the early morning, followed by a breakout above prior resistance levels. The price subsequently tested and closed above key Fibonacci levels, including 7.8 and 7.9. A bearish doji formed at 8.06, suggesting potential near-term consolidation.

Moving Averages

On the 5-minute chart, price closed above both the 20-EMA (7.84) and 50-EMA (7.81), indicating bullish bias. On the daily chart, the 50-day SMA (7.85), 100-day SMA (7.79), and 200-day SMA (7.76) were closely aligned, showing a consolidating long-term trend with upward potential.

MACD & RSI

MACD turned positive and crossed above the signal line near 7.8, confirming bullish momentum. RSI climbed toward 65–68 in the final 90 minutes, nearing overbought territory. This suggests a strong near-term upswing, though caution is warranted if RSI crosses 70 without a follow-through in volume.

Bollinger Bands

Volatility expanded significantly in the afternoon, with Bollinger Bands widening from a narrow range of 0.04 to 0.25. Price closed near the upper band (7.86) and is currently testing the upper 7.88–7.90 range, suggesting potential for a continuation or consolidation.

Volume & Turnover

Volume increased sharply in the final three hours, peaking at 39,446.52 KSM during the 15:45–16:00 ET window. Turnover surged 10x during this period, confirming the breakout and indicating strong buying pressure. No significant divergence was observed between price and turnover during the session.

Fibonacci Retracements

The 38.2% retracement level of the recent 5-minute swing was at 7.70, which was cleared. The 61.8% level at 7.79 may serve as initial resistance. On the daily chart, the 50% retracement of the larger 7.63–8.14 move sits at 7.89, which could cap near-term gains.

Price may continue to test 7.89–7.90 in the next 24 hours if volume remains strong and RSI does not overextend. Investors should watch for signs of a pullback or a breakout above 7.90, as this could determine the short-term direction. Risk of a consolidation phase remains if volume weakens after the recent spike.