Unibase (UB) extended its rally for a fourth straight day after rebounding from an imbalance zone near $0.105. In the last 24 hours alone, UB jumped 17%, while trading volume doubled to $35.48 million.
This combination mattered. Strong price expansion and rising volumes often suggest true market participation rather than a temporary rise.
The rally also appeared relatively controlled. Instead of a sudden one-day move, UB gradually gained momentum over several sessions. This steady progression could help maintain bullish sentiment in the short term.
Are traders becoming more confident?
Activity on derivative products has strengthened in parallel with the dynamics of Spot. Open interest climbed $10.6 million over the past four days, to $49.2 million.
This increase corresponds to growing participation in the market. Increasing open interest alongside price action generally indicated the entry of new positions into the market, especially from large traders.
Even so, the expansion of Open Interest also carried risks. Large positioning can quickly amplify volatility if sentiment suddenly changes.
Did the liquidations push the rally higher?
Part of UB’s decision comes from the derivatives market. Nearly $437,000 of short positions were liquidated over the past day.
This forced bearish traders to close their positions, adding buying pressure and accelerating the rally.
However, short-term squeezes rarely support trends on their own. Once forced buying slows, assets typically require stable spot demand to maintain bullish momentum.
This left traders wondering if organic buying activity could continue to support the move.
Can UB reach $0.18 next?
The broader daily structure was still bullish at press time. Recent price developments have strengthened this trend rather than weakening it.
The next major level was near $0.18, which has now emerged as a likely upside target if buyers remain in control.
For now, the momentum remains strong. However, rapid recoveries often required constant monitoring to avoid sudden declines later.
Final summary
- Unibase’s rally gained strength thanks to increased trading volume, not just price momentum.
- The growth in Open Interest suggests that large traders continued to add new positions during the breakout.
