Unibase, Cardano, Algorand Lead Altcoin Charge in August
The cryptocurrency market is showing signs of optimism as several altcoins post strong weekly gains. Among them, Unibase (UB), Cardano (ADA), and Algorand (ALGO) stand out for their improving technical strength and project developments.
Unibase delivered the strongest performance last week, climbing 61% over seven days and adding another 11% during the last day. Its market value is approaching $486 million. The AI-focused project broke above a long-term descending resistance line on July 17, producing higher highs and higher lows without interruption.
The current price of Unibase tests the 0.236 Fibonacci level around $0.1928. Holding above that area could send UB toward its April high near $0.2466. However, a short pullback would likely find support around $0.1595, and stronger support rests much lower near $0.1056.
Meanwhile, Cardano gained 24% during the past week after recovering from June weakness. Its price now changes hands near $0.1945, with buyers defending the $0.15 support area several times after the earlier breakdown from a descending channel.