Upbit listing fuels dramatic centrifuge (CFG) rally as traders eye next resistance levels

Excitement around the centrifuge (CFG) listing on a major Asian exchange has triggered a powerful price move that is now testing traders’ conviction.

Centrifuge price explodes on Korean exchange catalyst

Centrifuge (CFG) has surged dramatically in the past 24 hours, with the CFG price exploding by more than 180% to intraday highs of $0.25. The sharp move came as news broke that CFG trading went live on Upbit, South Korea’s largest crypto exchange by volume.

Notably, this rally aligns with a broader market rebound. Bitcoin climbed about 7% to near $70,000 before easing to around $68k at the time of writing. Moreover, this bounce has lifted sentiment across major digital assets, helping speculative flows into smaller tokens.

Several top altcoins also advanced, with Ethereum moving back above $2,000 despite continued selling from co-founder Vitalik Buterin. On-chain data shows whale accumulation building, and this trend could accelerate if the price establishes a firm break above the $2k level.

CFG has benefited from this potential market-wide bounce, but the centrifuge upbit listing remains the clearest immediate catalyst. However, despite the initial euphoria, the token is already showing signs of volatility as early buyers weigh quick profits against further upside.

Details of the Upbit listing and trading dynamics

Upbit, South Korea’s leading crypto trading platform, announced that support for CFG would go live on February 26, 2026, at 2 PM KST. The exchange confirmed spot markets against KRW, BTC, and USDT, with deposits and withdrawals scheduled shortly after the official communication.

The addition of these cfg trading pairs is significant, as Upbit boasts a massive user base and deep liquidity across major markets. Historically, tokens newly listed on this venue have experienced sharp rallies, driven by retail speculation and local capital flows. That said, these spikes can reverse quickly once the initial demand cools.

In CFG’s case, price action has been textbook. The token’s value jumped from around $0.08 to over $0.25 in a matter of hours. At the same time, trading volume spiked more than 4,000% to roughly $79 million, underscoring the intensity of the short-term speculative interest.

With assets such as Polkadot, NEAR, and Uniswap already ranking among the day’s top 10 gainers, it was Centrifuge‘s vertical move that captured traders’ attention. During the peak of the rally, the cfg market cap ballooned past $120 million before slipping lower as prices retreated from the intraday high.

However, profit-taking has been quick to emerge. Intraday charts show CFG hovering near $0.16 after the initial spike, with volatility remaining elevated as short-term traders lock in gains and new entrants test the dip.

Fundamentals and centrifuge price forecast

Centrifuge is a crypto project focused on tokenizing real world assets (RWAs), an area that has attracted growing institutional and DeFi interest. The centrifuge cfg token powers governance for the protocol, enabling holders to participate in key decisions around upgrades, parameters, and platform direction.

Despite this fundamental narrative, CFG has largely tracked the broader bearish trend that weighed on crypto markets for much of the recent cycle. A short-term upside burst connected to Upbit’s liquidity inflow has now pushed the token back to prices last seen in October 2025. Moreover, this move has reawakened technical discussions around potential continuation levels.

If Korean inflows remain strong, buyers could attempt to challenge resistance near $0.30, with a further extension toward $0.40 not ruled out in an aggressive risk-on environment. In that context, the current volatility zone around $0.16 may act as a key battleground between bulls and bears.

However, the broader market backdrop is still cautious. The latest centrifuge price forecast scenarios highlight that sustained profit-taking has already dragged the token off its highs. The MACD indicator continues to suggest a bullish bias, yet the extended RSI reading signals elevated overbought risk in the short term.

Technical analysts are watching the 50-day and 100-day simple moving averages closely. If CFG closes decisively below these levels, selling pressure could intensify and accelerate a move back toward $0.10 or lower. That said, a successful defense of these trend lines might confirm the Upbit-driven breakout as a more durable shift in market structure.

In summary, CFG’s explosive reaction to the Upbit listing underscores how liquidity and new market access can rapidly reshape price dynamics, but the next few sessions will determine whether this is a lasting re-rating or just another short-lived speculative spike.