KEY TAKEAWAYS
KMNO has broken out of a symmetrical triangle with RSI at 66, signaling strong bullish momentum.
Coinbase confirmed KMNO-PERP trading is live, fueling optimism that the listing could drive liquidity.
KMNO could break $0.075 and target $0.082 to $0.10; failure to defend $0.70 support risks a pullback.
KMNO, native to the Solana-based DeFi protocol Kamino Finance, has increased by 35% over the past month and is currently trading at $0.72 as of press time.
The move comes as Coinbase confirmed that it has listed the altcoin on its perpetual section.
Intraday action shows steady upward momentum for the Kamino crypto. But can the token continue trading higher?
Kamino Resists Downturn
On the 4-hour chart, Kamino’s price has repeatedly tested its support at around $0.069, with buyers stepping in aggressively to absorb selling pressure. The Relative Strength Index (RSI) currently sits at 66, indicating a neutral to bullish stance.
Historically, assets in strong uptrends have hovered around or above 70 for extended periods, suggesting that KMNO may still climb higher before any cooling.
Additionally, the image below indicates that KMNO has broken above the upper trendline of a symmetrical triangle. With this, Kamino’s price is unlikely to undergo any correction.
Should the trend remain the same, the altcoin’s value could rise toward the resistance at $0.082. Additionally, the Chaikin Money Flow (CMF) stands at -0.12, still slightly negative but trending higher toward the midpoint — a sign of improving inflows.
CCN’s findings suggest that the bullish sentiment regarding the Coinbase perpetual listing influences the price action.
“Our KMNO-PERP markets are in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available,” The Coinbase Markets handle on X revealed.
KMNO Price Eyes Higher Values
Technically, on the daily chart, the Kamino crypto is no longer in a consolidation phase with an apparent bullish tilt.
A decisive breakout above $0.075 would validate a continuation toward $0.082, with $0.10 firmly in sight if momentum is sustained.
Fibonacci retracement levels are guiding the rally. The 0.382Fib at $0.070 has flipped into support after the bounce, while the 0.618 Fib near $0.91 now acts as immediate resistance.
However, the Kamino crypto price will likely breach it. Once that happens, the market value might rise to $0.10.
On the downside, failure to hold support at $0.70 risks a notable pullback, though the broader bias favors buyers. If that is the case, KMNO’s price might slide to $0.057.
In conclusion, the Coinbase perpetual listing could trigger a surge in KMNO beyond its Fib targets, cementing its status as one of Solana DeFi’s hottest tokens this quarter.
At the same time, traders should note that these targets depend on several factors. If the broader market condition fails to improve later this month, KMNO might fail to hit the target, possibly ending 2025 lower.
