Centrifuge (CFG) surged 32% in the past 24 hours, marking its third consecutive day of double-digit returns and ranking among the top gainers in the top 300 cryptocurrencies by market cap. The altcoin broke out of an ascending triangle pattern on its 4-hour chart, reaching $0.26 before a correction to $0.2267. Network data shows real-world asset (RWA) capital deployed on the protocol has increased 45.3% this month to $1.7 billion, with monthly trading volume jumping 154% to $1 billion.
The native token of the real-world asset issuance platform Centrifuge recorded significant gains, with the price spiking to $0.26 after breaking out of an ascending triangle consolidation. Sellers countered the move, pulling the price back to $0.2267, which may indicate a healthy correction following the breakout.
Prices often dip toward Fibonacci Retracement levels after such moves. Breaking decisively above the $0.26 level could put the $0.35 price point in sight due to a lack of major resistance on larger timeframes.
The Cumulative Volume Delta suggested the price may have reached a daily high, with over 514,000 CFG sold after a peak net buying volume of 4.86 million tokens. However, the Trend Strength Index showed a reading of 0.83, indicating bull trend strength remained in the 80th percentile.
On-chain activity hit new monthly peaks for asset senders and holders, signaling growth in RWA issuance. This capital deployment pushed Centrifuge to the fifth position for Total Value Locked among RWA issuers, trailing BitGo, Securitize, Ondo Finance, and BlackRock.
The token’s momentum is partly attributed to broad industry optimism regarding asset tokenization. A survey highlighted on Centrifuge‘s social media channel indicated that two out of three operators expect tokenized asset AUM to exceed $150 billion by the end of 2027. Only 33% anticipated a lower value, with 30% believing AUM will be between $50 billion and $150 billion.
