Unibase plunges 30% as key support crumbles – How low can UB go?

The broader market correction has heavily impacted Unibase [UB], with the token declining more than 30% over the past 24 hours. What has further worsened the asset’s overall outlook is the breakdown of a major key support level during today’s sell-off. Data from CoinMarketCap shows that UB declined 30.23% over the past 24 hours and was trading at $0.08183 at press time. Despite the sharp decline, the asset’s trading volume surged by more than 215% to $21.95 million, suggesting strong participation from market participants and reinforcing the ongoing downward momentum. Unibase loses key support — More downside ahead? From a price action perspective, today’s decline appears to have triggered a breakdown below the key $0.09050 support level. According to TradingView’s daily chart, this level had acted as a strong floor for UB since May 2026. However, with this support now broken, the asset has opened the door for a further downside move. Source: TradingView Based on the current price action, UB’s short-term outlook has turned bearish. If the asset continues to trade below the $0.09050 level, it could witness another decline of nearly 53% and potentially fall toward its next major support level at $0.04030. However, this bearish outlook would only be invalidated if UB reclaims and holds above the $0.09050 level. Otherwise, the asset may continue its downward trajectory. At press, UB is finding support at the 200-day Exponential Moving Average (EMA), indicating that bulls are attempting to defend the asset and prevent a further decline. Meanwhile, the Average Directional Index (ADX) has fallen to 14.01, suggesting that the asset currently lacks strong momentum. Data signals bearish sentiment among traders and investors From the derivatives side, it appears that intraday traders are currently following the broader market trend. Data from CoinGlass shows that UB’s Long/Short Ratio has declined to 0.9062, indicating strong bearish sentiment among traders. Meanwhile, $0.0771 on the downside and $0.0889 on the upside have emerged as major liquidation levels where traders appear to be heavily over-leveraged. At these levels, traders have built $367.32K worth of long positions and $602.67K worth of short positions. This imbalance suggests that bears are currently dominating the asset, reinforcing the prevailing bearish outlook. Source: CoinGlass Besides the bearish sentiment among traders, UB’s top holders have continued to reduce their holdings over the past 30 days. Data from Nansen reveals that the top 100 UB addresses have cut their UB holdings by 1.96%, indicating potential profit-taking or a declining interest in the asset. Source: Nansen Final Summary Unibase has declined 30.23%, turning the market sentiment bearish as the asset lost a key support level. The next major support lies 53% below the current level. Both derivatives and on-chain data suggest that trader and investor sentiment has turned bearish, further strengthening UB’s negative outlook.