Market Overview for Kusama/Tether (KSMUSDT) – 24-Hour Summary

Summary
• KSMUSDT declined sharply after a false breakout, forming bearish engulfing patterns near $7.35–7.38.
• Volume surged on the downside, confirming bearish momentum and diverging from earlier bullish turns.
• RSI oversold below 30, while Bollinger Bands widened, signaling heightened volatility and potential for a rebound or continuation.
• Key support at $7.18 and resistance near $7.28 defined a volatile range, with 20-period MA below price signaling bearish bias.

Market Overview

Kusama/Tether (KSMUSDT) opened at $7.32 on 2025-12-16 12:00 ET, reached a high of $7.51, and closed at $7.20 on 2025-12-17 12:00 ET, after a 24-hour low of $6.97. Total traded volume was 53,515.44 KSM, and notional turnover amounted to approximately $385,661.

Structure & Moving Averages

Price carved a false breakout above $7.35 before collapsing, forming bearish engulfing and hanging man patterns. The 20-period MA on the 5-minute chart remained below price, reinforcing the bearish trend.

On the daily timeframe, the 50/200 MA crossover remains neutral, but short-term momentum favors the downside.

Momentum & Volatility Indicators

The RSI hit oversold territory below 30, suggesting short-term exhaustion in the sell-off. MACD showed bearish divergence with a negative histogram and a crossing below the signal line. Bollinger Bands widened significantly as volatility increased, with price now near the lower band—raising potential for a bounce or a continuation lower.

Volume and Turnover Analysis

Volume spiked during the major breakdown near $7.35, with a 5-minute candle printing 39,800.869 KSM traded. Notional turnover surged as price moved from $7.35 to $7.01, indicating meaningful participation. However, recent volume has declined, which could signal a potential consolidation phase or a pause in aggressive selling.

Fibonacci Levels and Key Ranges

The 61.8% Fib retracement level on the key $7.35–$7.01 swing sits at $7.17, which now acts as a critical support. A rebound from this level may find resistance at the 38.2% Fib at $7.26.

In the next 24 hours, a test of $7.18 could trigger a short-term bounce toward $7.25, though a breakdown below $7.18 would likely extend the decline toward $7.00.
Investors should remain cautious of the elevated volatility and the risk of further downward momentum if key support levels fail.