Unibase (UB) gained 17.76% in the last 24 hours, attracting renewed buying interest and bringing its price to $0.1459 at the time of writing.
Transaction volume also increased by 36.52% to $15.36 million; This suggests that the recent rise was accompanied by fresh participation rather than weak liquidity.
This price increase follows a period of steady recovery from the July lows, where buyers gradually regained control after maintaining important support.
However, the recent rise also placed UB directly below a key resistance zone near $0.150. This level had previously rejected advances more than once, making it an immediate hurdle for the bulls.
Why did Leverage return to UB?
Derivative investors also increased their risks as Open Positions increased by 17.90% to $41.35 million.
Additionally, transaction volume in derivative markets increased by 131.77% and reached 114.66 million dollars; This confirmed that spot buying as well as speculative participation had accelerated.
This combination showed that new capital was entering the futures markets, rather than traders merely rotating existing positions. As a result, the bullish sentiment strengthened in both markets during the rally.
But increased Open Interest also implied that leverage continued to grow near resistance, increasing the likelihood of larger price swings if investors quickly adjusted their positions.
However, the simultaneous increase in price, Spot activity and Futures participation reflected stronger confidence than purely leverage-driven rallies.
Spot outflows kept foreign exchange supply under control
Spot streaming data continued to support the broader recovery narrative despite the recent price rally. Netflows recorded a negative $139.67k on July 27; This shows that more of UB leaves the exchanges than enters them.
This model reduced exchange selling pressure because token holders preferred to move tokens away from trading venues rather than preparing them for sale.
Although the recent rise remains modest compared to previous rallies, it is still consistent with the improving market structure seen throughout July.
Buyers also absorbed existing supply without triggering unusually large foreign exchange inflows. As a result, foreign exchange balances remained relatively limited while demand strengthened.
This combination reinforced the idea that Spot participants were supporting the rally rather than actively distributing their assets.
Will UB finally regain higher resistance?
Unibase It extended its recovery from the July lows to near $0.0665 and then approached the key $0.150 resistance. The daily chart showed buyers consistently pressing higher lows before challenging overhead resistance once again.
The RSI climbed to 66.90, remaining below the overbought threshold; This reflects strengthening purchasing power without signs of exhaustion.
This indicator also remained above the moving average near 55.47, confirming that buyers remain in control in the short term.
A clear close above $0.150 will likely reveal the next major resistance near $0.200. However, failure to sustain this breakout attempt could encourage profit taking towards the initial support at $0.1139.
If the selling pressure intensifies above this level, the price is likely to revisit the stronger demand zone near $0.0665 before another sustained recovery attempt develops.
Final Summary
- UB attracted stronger buying interest as foreign exchange outflows continued, limiting immediate selling pressure.
- Rising Open Interest and improving RSI placed $0.150 as the next decisive breakout level.
