Centrifuge surged over 200% after its Upbit listing, rising from about $0.084 to an intraday high of $0.265 before easing to around $0.1568. At its peak, Centrifuge’s market capitalization briefly exceeded $90 million, marking one of the most significant single-day rallies since the 2021 cycle highs. Trading began on February 26, 2026, at 14:00 KST, unlocking direct access to Asia’s active retail crypto market, where the Korean premium often drives short-term momentum.
Centrifuge had already been listed on OKX, Gate.io, KuCoin, MEXC, BingX, Kraken, and Coinbase, but Upbit’s addition significantly increased visibility in a region known for high trading volumes and rapid speculative activity. Upbit confirmed CFG would trade against KRW, BTC, and USDT pairs, acting as the immediate catalyst behind the rally. The move has intensified talk of a Binance listing potentially driving the next wave of momentum.
Technically, the breakout followed a prolonged downtrend and a defined accumulation range between $0.08 and $0.10, with the rally to $0.26 breaking prior resistance. Momentum indicators moved into overbought territory, suggesting strong buying pressure but raising the possibility of short-term consolidation. If the trend holds, holding above the $0.14 support region could preserve the breakout, with a possible move back toward the $0.20–$0.24 zone and a path to $0.30 if demand stays firm. A bearish scenario would see a decline below $0.13 triggering a retest of the $0.10–$0.09 range, potentially resuming broader downtrend dynamics.
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