Uniswap Defies Broader Market Correction as Retail Demand Rises

Uniswap (UNI) has regained momentum as it approaches the critical 200-day EMA resistance at $3.88.

The native decentralized exchange (DEX) token is defying a broader correction in the cryptocurrency market, even as Bitcoin falls toward $63,000 from its July highs around $67,000.

Retail buying appetite is gaining momentum across Uniswap derivatives, with perpetual futures Open Interest rising to 65 million UNI on Tuesday, from approximately 63 million the day before.

This growth in Open Interest indicates growing risk-on sentiment despite headwinds in the broader crypto market.