Unibase dropped hard overnight. The token fell 24% in the last day, wiping out most of what it gained during its recent push higher. Price slipped below the 20-day moving average, and that matters because the short-term bullish setup that built over recent weeks just cracked.
Traders are cooling on the idea of holding long positions. Funding rates on futures contracts fell by 0.000047, a signal that long traders stopped paying extra to keep their bets open. The rate stayed positive, but the drop itself told the story: confidence faded fast after the correction kicked in.
Earlier analysis had mapped out a potential rally toward $0.25 if UB could clear the $0.20 resistance cleanly. The token briefly touched that level, then reversed sharply. Momentum indicators turned south. Stochastic RSI flipped from overbought territory, showing that buying pressure ran out of steam once the rally stalled.
Where could the floor be?
Liquidation data paints a rougher picture. There are thick clusters of leveraged positions sitting around $0.065, well below current price. If selling keeps pushing down, those liquidations could trigger, pulling price lower still. Right now, sellers have the upper hand.
The path forward depends on whether buyers step in. If they reclaim the 20-day moving average, they weaken the bearish case. If they don't, softer sentiment, weaker momentum, and those liquidation clusters below could spark another selling wave. UB needs to absorb the selling pressure before it reaches those lower liquidity zones, otherwise a deeper pullback becomes likely.
This is informational analysis only and not financial advice. Always do your own research before making investment decisions.
