KMNO Long OpportunityMarket Context:
Following its mid-2024 launch and a 500% rally to ATH, KMNO is undergoing a retracement. The current bounce zone aligns with:
61.80% Fibonacci retracement
200-day EMA
A flipped resistance line now acting as support.
These confluences suggest a potential opportunity for a continuation to the upside.
Trade Details:
Entry Zone: $0.11 – $0.098
Take Profit Targets:
TP1: $0.20
TP2: $0.35
TP3: $0.40
Stop Loss: Daily close below $0.085
This setup offers a favorable risk-to-reward ratio, with significant upside potential from this technical support zone. 📈
KMNOUSDT
Kamino to dump against SOL low-medium confidenceDon't like this established upward trend having been broken and seems to be bearishly retested for StR
KMNO sitting on a key support right now
if it goes below that support, it is likely to keep dumping for a while against SOL
low to medium degree confidence
Is Kamino (KMNO) Aave's Biggest Compeition??Aave is dominanting the Ethereum space
Looks like Aave is pulling away in terms of Ethereum lending protocols. It may continue this trend of dominance. Of course things could change within ethereum but if the trend continues then perhaps their competition will lay outside ethereum.
Solana massively grew its footprint
Solana may have had its issues whilst being massively stress tested. Certain points having higher dex volume than Ethereum. With users flocking to Solana and Solana handling its growth relatively well.. its very possible that we see the trend continue next wave.
Kamino is dominanting Solana lending space
If Kamino continues to dominate the solana lending space and solana goes back to overtaking ethereum dex volume.. then it stands to reason that Aave's biggest competition may lay outside Ethereum.
If Aave runs aggressively out of its long term base then the solana flock may start herding into their best version.
Becareful of the bearish stophunt on Kamino