Unibase surged by nearly 18% within the last day, pushing its value up to $0.1459 as fresh buying momentum took hold. Trading activity saw a notable lift as well, with volume climbing 36.5% to $15.36 million, signaling that the price jump was supported by genuine market participation rather than thin liquidity.
This rally follows a steady rebound since the token’s July lows around $0.0665, where buyers steadily built their position and defended major support levels. Now, the price sits just below a critical resistance near $0.15, a zone that has repeatedly halted upward moves before.
use Builds Near Resistance
Derivative markets echoed the bullish trend, with Open Interest rising 17.9% to $41.35 million. Futures trading volume exploded by over 130%, reaching $114.66 million, indicating that fresh capital entered these markets instead of traders merely reshuffling existing bets. This surge in both spot and derivatives activity points to growing confidence among investors.
However, the increased Open Interest near resistance also means use is building up, which raises the chances of sharp price swings should traders quickly adjust their positions. Despite this, the combined rise in price and trading volumes across spot and futures markets suggests a stronger foundation for the rally than one fueled just by use.
Supporting this bullish picture, spot outflow data shows that tokens are leaving exchanges faster than they are entering. On July 27th, net outflows hit $139,670 worth of Unibase, reducing the immediate selling pressure on exchanges. This trend of holders withdrawing tokens aligns with the improving market structure seen throughout the month, as buyers steadily absorbed available supply without triggering large exchange inflows.
On the technical side, Unibase’s daily chart reveals consistent higher lows ahead of the $0.15 resistance test. The Relative Strength Index climbed to 66.9 yet remained below overbought territory, hinting at sustained buying strength without exhaustion. The RSI also stayed above its moving average near 55.5, confirming that bulls retain control in the near term.
A strong close above the $0.15 barrier could open the door to the next resistance level around $0.20, which has been eyed as the next key target. This momentum shift comes as traders recalibrate their positions and fresh capital flows into both spot and futures markets, fueling continued buying interest.
