UB has bad Friday: 30% drop cracks a support floor it called home since May 🚪

Unibase [UB] fell more than 30% over the past 24 hours as a broader market sell-off pushed the token below a key technical level. According to CoinMarketCap, UB was down 30.23% in the period and was trading at $0.08183 at press time, while 24-hour trading volume climbed more than 215% to $21.95 million.

The decline took the token below its $0.09050 support, a level that had held since May 2026 on TradingView's daily chart. With that floor now broken, the price action has opened the door to a further move toward the next major support at $0.04030, a potential drop of nearly 53% if the level is not reclaimed and held. The bearish setup would be invalidated only on a sustained move back above $0.09050.

On the daily chart, UB is currently resting near its 200-day Exponential Moving Average, a level where buyers have historically stepped in, while the Average Directional Index has slipped to 14.01, indicating that the token currently lacks strong directional momentum.

Derivatives data from CoinGlass shows intraday traders leaning bearish, with the Long/Short Ratio at 0.9062. Major liquidation clusters have built up at $0.0771 on the downside and $0.0889 on the upside, where roughly $367.32K in long positions and $602.67K in short positions sit waiting to be wiped out, suggesting bears remain in control of positioning.

On-chain data from Nansen adds another bearish signal: the top 100 UB addresses have reduced their holdings by 1.96% over the past 30 days, indicating either profit-taking or waning conviction from the token's largest holders.