Unibase falls 24% below 20-day EMA as funding rates weaken

Unibase fell 24% to $0.1188 on Aug. 5, breaking below its 20-day EMA as funding rates weakened and sellers regained short-term control of the token.

Funding rate data from Santiment showed Unibase's funding rate declined by 0.000047, indicating long traders became less willing to pay a premium after the correction. Although the rate remained positive, its decline reflected fading confidence.

The decline erased a large portion of gains from a rally that had pushed UB above $0.20 earlier in the week. AMBCrypto's previous analysis projected a move toward $0.25 if the token decisively cleared $0.20 resistance. The token briefly moved above that level before reversing sharply. Momentum indicators also flashed bearish signals — the Stochastic RSI turned lower from the overbought region, while the break below the 20-day EMA weakened the short-term bullish structure formed over recent weeks.

Liquidation heatmap data from CoinGlass showed several high-value liquidation clusters below UB's current price, particularly around $0.065. These clusters could attract price if selling pressure persists and leveraged positions unwind. Buyers may need to reclaim the 20-day EMA at $0.1603 to weaken the bearish setup.

Derivatives data shows fading long conviction

The futures market showed early signs of caution. Unibase's funding rate declined by 0.000047, suggesting long traders became less willing to pay a premium. Liquidation data from CoinGlass showed $1.83 million in total liquidations over the past 24 hours, split nearly evenly between longs ($940,110) and shorts ($886,670). The 1-hour window showed longs getting hit first and hardest, with $53,160 in long liquidations versus $4,310 in shorts, as the drop accelerated.

Futures volume concentrated heavily on Binance ($222.45 million) and OKX ($196.71 million), which together handled the bulk of activity during the sell-off. The token's total supply stands at 10 billion UB, with 2.5 billion in circulation and 68,540 holders, according to CoinMarketCap data. Unibase is a decentralized data infrastructure protocol focused on verifiable storage and indexing for on-chain and AI-driven applications, with UB serving as the network's native token for staking and data verification incentives.

Key levels and what could trigger a recovery

The token's 20-day EMA sits at $0.1603, with the 50-day EMA at $0.1542. The failed retest at $0.1399 is the key structural signal — as long as UB stays below that level, the breakdown remains the dominant trend.

Support levels sit at $0.1138, $0.1000, and $0.0858. A break below the first confirmed support at $0.1138 would expose $0.1000, and losing that would put the structural floor at $0.0858 in play.

UB could avoid a deeper pullback if buyers absorb selling pressure before the price reaches the lower liquidity clusters. The token's RSI at 35.3 sits near oversold territory, which can precede a bounce, but a bounce alone would not confirm a trend change without reclaiming the broken trendline zone. The broader altcoin market context matters too — Bitcoin dominance at 56.6% and the recent 61% weekly rally in UB that preceded this correction suggest the token remains volatile and prone to sharp two-way moves.

This article is for informational purposes only and does not constitute investment advice.