Foreign media reports that Unibase (UB) has fallen by more than 30% in the past 24 hours, with its price dropping to around $0.08183 at one point. Accompanying the decline, trading volume rose to $21.95 million, an increase of over 215% from the previous day, indicating active selling and a significant increase in market participation.
It fell below $0.09050.
The article argues that $0.09050 has been a key support level for UB since May 2026. After this level was broken in the recent sell-off, the short-term trend has clearly weakened.
Based on the chart cited in the article, if the price continues to trade below $0.09050, UB may continue to decline, with the next major support level around $0.04030. To alleviate the current pressure, the price needs to regain and hold above $0.09050.
Derivative positions are biased towards short positions.
In addition to the decline in spot prices, derivatives data also shows weakening market sentiment. CoinGlass data shows that the UB long/short ratio has dropped to 0.9062, indicating that short positions are dominant.
- A long position of approximately $367,300 corresponds to a price around $0.0771.
- A short position of approximately $602,700 is corresponding to a price around $0.0889.
Looking at the position distribution, the short position size is larger than the long position size, which further exacerbates the bearish expectations in the market.
The top 100 addresses continued to reduce their holdings.
On-chain data also showed no significant improvement. Nansen data shows that in the past 30 days, the top 100 addresses holding UB have collectively reduced their holdings by approximately 1.96%.
The article argues that this change may indicate that some large investors are choosing to realize profits amid price volatility or remain cautious about future price movements. Considering the price breakdown, increased trading volume, and changes in derivatives positions, UB still faces significant downward pressure in the short term.
