Centrifuge (CFG) Price Breaks Out, Targets $0.31 After Launching Tokenized S&P 500 on Base

CFG, the native cryptocurrency of institutional-grade tokenization platform Centrifuge, has seen its price increase.

Over the past 30 days, the Centrifuge price has surged by 76%. As a result, the altcoin is now 40% from retesting its all-time high.

This happened after the project disclosed that its users can now accumulate the tokenized S&P 500 Index.

But what else does that mean for the CFG price?

Centrifuge Extends Rally

CFG is pushing higher again. Price has surged toward a key resistance zone. Momentum is strong.

However, warning signs are beginning to emerge. As a result, traders are now watching closely for either a breakout or a sharp pullback.

CFG maintains a clear bullish market structure on the 4-hour chart. The asset continues to print higher lows and higher highs, confirming sustained upside pressure.

However, CFG is now testing a major resistance zone between $0.25 and $0.26. This level has previously rejected the price aggressively.

A recent wick into this zone suggests liquidity is sitting above, making it a critical area.

Momentum indicators support the bullish case. The Awesome Oscillator (AO) is printing strong green bars, showing increasing buying pressure.

At the same time, the Money Flow Index (MFI) is sitting around 86, deep in overbought territory.

CFG remains bullish overall. Structure supports further upside.

Yet, the overbought condition suggests timing is critical. A break and hold above $0.26 could mean trend continuation.

Huge Development Sparks Short Squeeze

As mentioned earlier, the release of deSPXA by Centrifuge shifted market sentiment.

“It was never this easy to DCA into S&P 500 exposure. deSPXA is now live on @DefinitiveFi,” the team stated.

By bringing the S&P 500 on-chain, the protocol is expanding access to one of the world’s most recognized financial benchmarks.

At the same time, it is reinforcing its position within the growing RWA sector.

Amid that, the funding rate has been deeply negative for most of this period, meaning the market has been heavily skewed short.

Shorts were pressing, but the price wasn’t breaking down. Instead, it started trending higher, which suggests absorption of selling pressure.

Now you’re seeing the result. The Centrifuge price has broken out while funding remains negative, even spiking further down during the move.

That’s a key tell. It means shorts are not only trapped, but many are likely adding or getting liquidated into strength.

This is exactly how squeezes extend. Furthermore, the fact that funding hasn’t flipped strongly positive yet is important.

It shows the move isn’t overcrowded on the long side, so there’s still fuel left.

So, as long as funding remains negative or neutral while prices trend up, the squeeze can continue.

The risk comes when funding flips aggressively positive, because that signals the crowd has switched to the long side and the move is becoming crowded. In that case, the CFG price might retrace.

CFG Price Analysis: New ATH on the Horizon?

On the daily chart, CFG’s price is showing renewed strength after months of sustained downside pressure, with the price now reclaiming momentum near a critical resistance zone.

Initially, the broader trend remained bearish, reinforced by a descending trendline and consistent lower highs.

However, a sharp rebound from the $0.07 region marked a structural shift, as buyers aggressively defended the bottom.

Since then, CFG’s price has printed higher lows, signaling growing bullish control.

Meanwhile, momentum indicators support the bullish case. The Moving Average Convergence Divergence (MACD) shows a firm bullish crossover, with histogram strength increasing.

At the same time, the Relative Strength Index (RSI) pushes into the overbought region, reflecting strong demand but hinting at potential short-term cooling.

More importantly, CFG has now surged into the $0.26 resistance band, aligning with the 0.382-0.5 Fibonacci region.

This area is pivotal. A decisive breakout could accelerate upside toward $0.31 and $0.38.

On the flip side, if buying pressure fades, the market value might slide to $0.16.

About the Author

Victor Olanrewaju

Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.

With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.

He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.

In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.

At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.

He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.

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