KMNO Bounces Hard from $0.02912: Can the Rally Hold?
Kamino Finance (KMNO) is trading around $0.03361, up a strong 14.59% on the day, and the 4H chart shows one of the more impressive recoveries in the DeFi space right now.
After a long slide from the $0.03893 area, price bottomed at $0.02912 and reversed sharply. A string of strong green candles pushed KMNO above both the MA(7) and MA(25), with a peak at $0.03502 before a small pullback.
What the chart is showing:
24h range: $0.02912 to $0.03502
24h volume: about 48.54M KMNO (roughly $1.58M)
MA(7): 0.03176 and MA(25): 0.03200, both now curling up and sitting below price as short-term support
MA(99): 0.03780, still sloping down and acting as the next major resistance
Volume: a clear spike on the breakout candles, with the MA(5) well above the MA(10), which supports the move
My take: This is a convincing bounce backed by real volume, and the reclaim of the short-term averages is a good sign for bulls. That said, the larger trend is still down until price gets back above the MA(99) near $0.0378. After a move of this size, a pullback or retest of the $0.0320 zone would be healthy and could offer a better setup than chasing the top. Holding that area would keep the bullish structure intact, while a drop back under it would suggest the rally is fading.
I’m watching how price reacts on any dip rather than jumping in after a big green candle.
#KaminoFinance #KMNO #CryptoAnalysis #TechnicalAnalysis #DeFi
$KMNO
Kamino Finance (KMNO) is trading around $0.03361, up a strong 14.59% on the day, and the 4H chart shows one of the more impressive recoveries in the DeFi space right now.
After a long slide from the $0.03893 area, price bottomed at $0.02912 and reversed sharply. A string of strong green candles pushed KMNO above both the MA(7) and MA(25), with a peak at $0.03502 before a small pullback.
What the chart is showing:
24h range: $0.02912 to $0.03502
24h volume: about 48.54M KMNO (roughly $1.58M)
MA(7): 0.03176 and MA(25): 0.03200, both now curling up and sitting below price as short-term support
MA(99): 0.03780, still sloping down and acting as the next major resistance
Volume: a clear spike on the breakout candles, with the MA(5) well above the MA(10), which supports the move
My take: This is a convincing bounce backed by real volume, and the reclaim of the short-term averages is a good sign for bulls. That said, the larger trend is still down until price gets back above the MA(99) near $0.0378. After a move of this size, a pullback or retest of the $0.0320 zone would be healthy and could offer a better setup than chasing the top. Holding that area would keep the bullish structure intact, while a drop back under it would suggest the rally is fading.
I’m watching how price reacts on any dip rather than jumping in after a big green candle.
#KaminoFinance #KMNO #CryptoAnalysis #TechnicalAnalysis #DeFi
$KMNO
