Unibase [UB] attracted renewed buying interest after climbing 17.76% over the past 24 hours, bringing its price to $0.1459 at press time.
Trading volume also increased 36.52% to $15.36 million, showing that fresh participation accompanied the latest advance rather than weak liquidity.
This price expansion followed a period of steady recovery from July’s lows, where buyers gradually regained control after defending key support.
However, the latest rally also placed UB directly beneath an important resistance zone near $0.150. That level previously rejected multiple advances, making it the immediate obstacle for bulls.
Why has leverage returned to UB?
Derivatives traders also increased their exposure as Open Interest climbed 17.90% to $41.35 million.
Besides, trading volume across derivatives markets surged 131.77% and reached $114.66 million, confirming that speculative participation accelerated alongside spot buying.
This combination suggested that new capital entered futures markets instead of traders merely rotating existing positions. As a result, bullish conviction strengthened across both markets during the rally.
However, rising Open Interest also implied that leverage continued building near resistance, increasing the probability of larger price swings if traders rapidly adjusted their positions.
Even so, the simultaneous increase in price, Spot activity, and Futures participation reflected stronger confidence than rallies driven by leverage alone.
Spot outflows kept exchange supply under control
Spot flow data continued supporting the broader recovery narrative despite the recent price surge. Netflows recorded negative $139.67K on the 27th of July, indicating that more UB left exchanges than entered them.
This pattern reduced immediate exchange selling pressure because holders preferred moving tokens away from trading venues instead of preparing them for sale.
Although the latest outflow remained modest compared to earlier spikes, it still aligned with the improving market structure seen throughout July.
Buyers also absorbed available supply without triggering unusually large exchange inflows. As a result, exchange balances remained relatively contained while demand strengthened.
This combination reinforced the idea that Spot participants supported the rally instead of actively distributing their holdings.
Can UB finally reclaim higher resistance?
Unibase approached the key $0.150 resistance after extending its recovery from the July bottom near $0.0665. The daily chart showed buyers consistently printing higher lows before challenging overhead resistance once again.
RSI climbed to 66.90 while remaining below the overbought threshold, reflecting strengthening buying strength without signaling exhaustion.
This indicator also stayed above its moving average near 55.47, confirming that buyers retained near-term control.
A decisive close above $0.150 would likely expose the next major resistance around $0.200. However, failure to sustain this breakout attempt could encourage profit-taking toward the first support at $0.1139.
If selling pressure intensifies beyond that level, the price would likely revisit the stronger demand zone around $0.0665 before another sustained recovery attempt develops.
Final Summary
- UB attracted stronger buying interest while exchange outflows continued, limiting immediate selling pressure.
- Rising Open Interest and improving RSI placed $0.150 as the next decisive breakout level.
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