KMNO Technical Analysis Feb 6

KMNO is signaling in the oversold region with RSI at the 25.46 level, but MACD’s negative histogram shows that the downward momentum is continuing. The price trading below EMA bands confirms the short-term bearish trend.

Trend Status and Momentum Analysis

KMNO’s current price is at the 0.03 dollar level and facing a 6.49% decline in the last 24 hours. The daily range has narrowed and is stuck around 0.03 dollars, indicating reduced volatility. The overall trend direction is downward; the Supertrend indicator is in a bearish position and highlights the 0.04 dollar resistance. Momentum indicators are predominantly reflecting selling pressure: although RSI is oversold, the MACD histogram is expanding in the negative zone and EMA systems confirm weak trend strength. Volume is at a moderate level of 8.28 million dollars, but in the accumulation/distribution pattern supporting the decline, selling volume appears dominant. Multi-timeframe (MTF) alignment detects 9 strong levels in 1D/3D/1W timeframes: 1 support/2 resistances in 1D, 1 support/2 resistances in 3D, and 3 supports/4 resistances distribution in 1W, with resistances dominating to keep momentum bearish. This configuration may limit short-term recovery attempts.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently at 25.46, indicating a deep oversold region (typically below 30). No regular bearish divergence is observed in RSI while price makes new lows; on the contrary, RSI tested lower levels earlier in recent declines, carrying potential for hidden bullish divergence. However, this divergence is not yet confirmed and lacks volume confirmation. In the 1D timeframe, RSI approaching 20 may signal momentum exhaustion, but additional confirmations (e.g., RSI breaking above 30) are needed for a bullish reversal within the overall downtrend. Weekly RSI is moving sideways around 35, confirming weak momentum; divergence formation should be monitored.

Overbought/Oversold Regions

The oversold region (25.46) has historically created bounce opportunities in KMNO, for example, 20-30% recoveries seen from similar levels in past months. Nevertheless, in the current bearish context, this level may function as a bear trap. Volume increase is essential for RSI to break above the 50 line; current low momentum predicts that the oversold rebound will remain limited.

MACD Signals and Histogram Dynamics

MACD is bearish; the signal line is below the MACD line and the histogram is expanding in the negative zone. This indicates strengthening downward momentum – histogram bars are lengthening recently, signaling increasing selling pressure. On the 4-hour chart, the MACD line is testing the zero line downward, with the histogram’s negative depth after crossover emphasizing continued momentum. Daily MACD has bearish crossover confirmation, but if the histogram’s expansion speed slows (contracting), short-term divergence may form. Negative histogram supported by volume increases pressure toward the 0.0252 support level. To watch: Histogram approaching zero may trigger a potential bullish signal line crossover.

EMA Systems and Trend Strength

Short-Term EMAs

Price is trading below EMA20 (0.04 dollars), confirming the short-term bearish trend. The ribbon between EMA10 and EMA20 has narrowed, reflecting momentum loss. Price needs to break above the 0.0303 resistance to cross above EMA20, but in the current setup, ribbon dynamics are dominant in the selling direction.

Medium/Long-Term EMA Supports

EMA50 (around 0.045) and EMA200 (around 0.06) stand as strong resistances; price is stuck below these bands, with weak trend strength. The medium-term EMA ribbon is downward sloping, with bearish bias even at long-term supports (EMA100). The EMA ribbon width measuring trend strength is narrow, signaling consolidation – volume is required for breakout.

Bitcoin Correlation

Bitcoin is in a downtrend at the 66,352 dollar level with a 4.30% decline; main supports at 65,881, 62,910, and 60,000 dollars. BTC Supertrend is bearish, with dominance increase creating pressure on altcoins. KMNO is highly correlated with BTC (%0.85+); if BTC breaks the 65k support, a quick drop to 0.0252 is expected in KMNO. Conversely, if BTC breaks above the 68,926 resistance, an altcoin rally may be triggered, opening a 0.0525 target for KMNO. Key BTC levels: Support breakdown pushes KMNO to a 0.0070 bearish target.

Momentum Result and Expectations

Momentum indicators confluence is bearish: although RSI is oversold, divergence is weak, MACD histogram is expanding, price is below EMAs, and BTC downtrend supports it. Short-term expectation: Test of 0.0252 support, and if broken, toward 0.0070. For bullish scenario, RSI exit above 40+, MACD histogram zeroing, and volume increase are needed – then 0.0303/0.0525 resistances are targeted. Volume confirmation is critical; low-volume bounces will fail. Check detailed data for KMNO Spot Analysis and KMNO Futures Analysis. Overall outlook: Downward momentum dominant, oversold bounce remains limited.