Unibase (UB) has gained more than 21% in the last 24 hours, breaking above $0.10 and outperforming Bitcoin (BTC) and the broader crypto market. Daily trading volume increased by 15% in parallel with the price increase.
Spot and derivatives data suggested that sustained futures market activity largely fueled this move.
Why was Unibase assembled?
Main driver behind Unibase The rise appeared to be capital returning to AI agent tokens after the sector cooled briefly. This momentum has propelled UB into the top ten AI agent tokens based on social media activity.
At the same time, liquidations of more than $400,000 fueled the rally. Approximately 85% of the liquidations consisted of short positions, while the remaining 15% consisted of long positions. The largest single liquidation totaled roughly $41,000.
This created a classic short squeeze. More than $268,000 in short positions and approximately $88,000 in long positions were liquidated. Most of these liquidations occurred on Binance and OKX.
But bullish sentiment extends beyond liquidations.
Funding Rates turned positive and continued to rise. Thereupon, Bulk Futures Buy/Sell Delta It rose to 1 million, indicating buyers are becoming more aggressive.
Open Interest (OI) and Cumulative Volume Delta (CVD) also increased on lower time frames. However, both metrics remained weak on the 4-hour chart. OI dropped from $122 million to $89 million.
CVD also remained negative at 147 million despite a modest recovery. This showed some traders taking profits and helped explain the resistance near $0.11.
Can UB go higher?
After forming support between $0.05 and $0.06, UB continued to print higher highs on the hourly chart. Even so, the rise is currently facing key resistances at $0.11 and $0.15.
The uptrend continued, respecting the ascending trend line. However, the price also appears to have moved away from this support, increasing the possibility of a pullback in the near term before another upward move.
The MACD continued its rise with both signal lines pointing up. Stochastic RSI also remained above 90; This indicates overbought rather than oversold conditions.
Failure to reclaim $0.11 and eventually turn $0.15 into support could leave UB trapped within the broader bearish structure.
Overall, buyers maintained momentum but regaining these resistance levels would reinforce the existence of a sustainable uptrend. Otherwise, another rejection could encourage sellers to regain control.
Final Summary
- Unibase rose 21% as trading activity in the derivatives market increased, including capital inflows.
- UB price action was starting to see a change in market structure but needed to flip $0.15 as support for confirmation.
