#DanielNadem

The analysis for Unibase ($UB) is looking quite heavy today, December 24, as the token struggles with persistent bearish pressure. Trading around $0.034 to $0.037, $UB is currently down roughly 15% in the last 24 hours and about 17% over the past week.

While the "Open Agent Internet" vision behind Unibase is innovative, the technical and fundamental outlook reveals some serious hurdles:

* Supply Dynamics: A major factor weighing on price is the "unlock overhang." With only about 18% to 25% of the 10 billion total supply currently circulating, the market is wary of future dilution. Historical data shows that previous unlocks have led to double-digit price drops.

* Volume & Distribution: You hit the nail on the head regarding volume. The recent 15M to 23M in 24-hour volume is high for $UB’s market cap, but it’s largely being driven by sell-side activity. The RSI is sitting in the oversold territory (around 38), which usually hints at a bounce, but the lack of strong buy-side "follow-through" suggests that any recovery might just be a "dead cat bounce."