Home / Analysis / Crypto / Technical Analysis / Ethereum DeFi Project Centrifuge (CFG) Skyrockets 115% After Upbit Listing — Here’s Why the Gains May Not Last
Centrifuge ($CFG) breaks its descending channel on Upbit news | Credit: Veronica Cestari
Share
Key Takeaways
CFG surged 115% within a few hours, hitting a high of $0.27 following its Upbit listing.
MACD and AO flipped bullish, confirming short-term strength; meanwhile, CMF sits at -0.28.
CFG faces resistance at the 0.382 Fibonacci level as it could lose hold of the $0.16 region.
CFG, native to the Ethereum-based DeFi project Centrifuge, surged 115% in a matter of hours, catching some retail traders off guard.
The catalyst was clear — a listing on Upbit, South Korea’s largest cryptocurrency exchange. This development sent the Centrifuge crypto price to $0.27, then to $0.16.
While some market observers might expect CFG to rebound, several indicators are already raising red flags about the sustainability of the recent gains.
New Market Triggers Inflows for Centrifuge Crypto
Exchange listings, especially on Tier-1 platforms like Upbit, are among the most powerful short-term price drivers in crypto.
They flood a token with new liquidity, expose it to millions of fresh eyes, and trigger a wave of speculative buying.
“New Digital Asset Centrifuge (CFG) Trading Support Guide. Supported Markets: KRW, BTC, and USDT markets. Trading Support Start Time: Scheduled for 2026-02-26 14:00 KST,” the exchange noted.
As a result, CFG’s trading volume exploded. According to Santiment data, the CFG trading volume has risen to $81.65 million.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Typically, an increase in volume alongside the price strengthens the uptrend. However, in this case, the Centrifuge crypto price has dropped slightly from the initial breakout.
Therefore, if the volume continues to rise with this price drop, it suggests sellers have entered the market. As a result, CFG’s price might continue to erase the recent gains.
Meanwhile, to understand Centrifuge’s appeal, it helps to know what the project actually does.
What Is Centrifuge and the CFG Token?
CFG is the native token of a DeFi protocol that bridges real-world assets onto the blockchain. It allows businesses to access decentralized financing by tokenizing physical assets.
Furthermore, Centrifuge operates as a parachain on Polkadot, giving it cross-chain capabilities that many DeFi protocols lack. The fundamentals are strong.
The timing of the listing, however, is everything.
South Korean exchanges carry enormous weight in the crypto market. Upbit alone accounts for a significant share of global altcoin volume.
When it lists a token, the Kimchi Premium effect often kicks in. In this scenario, Korean retail traders buy aggressively, pushing prices well above global averages.
Moreover, FOMO spreads internationally, attracting buyers from other markets who do not want to miss the move.
Nevertheless, the warning signs are already present. Post-listening rallies of this magnitude are historically difficult to sustain.
Vertical Move, Fragile Support
Previously, CFG’s price traded sideways inside a long compression range between $0.070 support and $0.10 resistance.
Then buyers stepped in. As seen below, the breakout candle pierced range highs and tagged a major supply zone near $0.26.
Looking closely at the 4-hour timeframe, the Moving Average Convergence Divergence (MACD) printed a bullish crossover. This confirms a strong short-term upside movement.
Yet the Chaikin Money Flow (CMF) reads -0.28, indicating net outflows despite CFG’s price spike.
This divergence suggests the rally may have been driven by short covering rather than sustained accumulation.
Consequently, if Centrifuge crypto fails to hold above $0.18, the price could decline.
CFG Price Prediction
For months, CFG traded inside a descending channel on the daily chart.
That trend reflected sustained selling pressure. However, the recent listing changed that position almost instantly.
Momentum indicators reacted accordingly. From the chart below, the Awesome Oscillator (AO) flipped into positive territory, printing expanding green histogram bars after an extended bearish phase.
At the same time, Bull Bear Power (BBP) spiked upward, confirming that buyers have temporarily seized control of the CFG price action.
Yet, this strength appears event-driven.
The rally has brought Centrifuge crypto directly into a historically reactive zone. The 0.382 Fibonacci level now acts as immediate resistance.
Above it sits the 0.5 retracement near $0.27, a region that previously served as consolidation support before the broader breakdown.
Moreover, the broader descending trendline that has governed CFG since late 2025 remains intact. While the price has challenged its upper boundary, it has not yet delivered a confirmed structural reversal.
In other words, momentum has improved, but trend dominance has not fully shifted.
If buying pressure fades and CFG loses $0.16, the price could rotate back toward its prior range.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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.
