Kamino Shatters Falling Wedge Pattern After Coinbase Listing—$1 Rally Incoming?
Kamino just pulled off a textbook breakout—shattering its falling wedge pattern mere hours after landing a coveted Coinbase listing. The timing couldn't be more explosive.
Technical Breakout Meets Mainstream Momentum
That falling wedge had been tightening for weeks—classic consolidation before a volatile move. Then Coinbase drops the listing bomb. Suddenly, retail floodgates swing wide open. Liquidity pours in. Charts go vertical.
The $1 Question—Meme or Merit?
Can it actually hit that psychological magnet at a dollar? Market structure says maybe. Momentum says probably. But let's be real—since when did crypto prices ever respect 'fundamentals'? This is a market where dog-themed coins routinely outpace regulated securities.
One cynical truth? Wall Street still thinks we're gambling. Meanwhile, Kamino's chart is doing things traditional finance needs six committees and a prospectus to achieve. Keep watching—this move's just getting started.
KMNO price has confirmed a breakout from a parallel channel pattern and a broader falling wedge on the daily chart — Sep. 12 | Source: crypto.news
Zooming out the charts, KMNO has also confirmed a breakout from a larger-scale falling wedge formed since late May this year. A falling wedge is a stronger bullish reversal pattern that is formed when an asset’s price makes lower highs and lower lows within converging trendlines, indicating weakening selling pressure.
A look at the Moving Average Convergence Divergence (MACD) indicator shows the MACD line forming a positive crossover as histogram bars are starting to shift from red to green, a factor pointing to bulls starting to dominate over sellers.
On top of that, the Aroon Up currently lies at 100% while the Aroon Down is at 21.43%, a combination that traders interpret as a buy signal.
Hence, the immediate target for KMNO to the upside lies at $0.089, about 35% above the current level. A decisive break above this resistance could encourage buyers to push towards the $1 psychological level.
However, the validity of this setup depends on the token maintaining support above the $0.055 psychological level. A drop below this threshold WOULD invalidate the pattern and increase the risk of a reversal.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
