Unibase’s price jumped 25.4% in a single day, boosting its market cap to $355.6 million as buyers stepped back in aggressively. Trading volume surged to $19.23 million, signaling heightened market activity around the token. The rally pushed Unibase’s price back into a significant supply zone near $0.15, a level that has previously blocked upward moves.
According to data from CoinGlass, open interest in Unibase derivatives rose by nearly 26% to $37.66 million, matching the price spike. This suggests fresh money flowing into leveraged bets rather than traders simply closing out positions. These investors appear confident about further gains, although the increased exposure also raises the risk of sharp moves if resistance holds and forces liquidations.
Exchange Flows Show Accumulation, Not Immediate Selling
Despite the sharp price increase, spot market flows tell a different story. Net exchange outflows of about $106,660 indicate that holders are pulling tokens off exchanges rather than preparing to sell. This trend supports the idea of accumulation and could help reduce selling pressure. Still, the $0.15 resistance remains a critical hurdle, and any reversal there could trigger profit-taking and volatility.
The question now is whether Unibase can turn this supply zone into support. The token has struggled repeatedly to break through this ceiling, so sustained demand and controlled profit-taking will be vital for the next leg up. Traders with leveraged positions are watching closely, as a failure here could quickly unwind recent gains.
This material is for informational purposes only and does not constitute financial advice.
