Centrifuge's CFG token has declined more, than 14% in the past 24 hours, extending a double-digit decline in market cap over the past week.

Sharper decline in CFG points to a coin-specific weakness with its real-world asset (RWA) niche. Согласно данным Token Terminal, активность RWA Centrifuge declined on multiple fronts, including 10% fall in Monthly Asset Transfer Volume и 58% loss in Monthly Asset Transfer Count.

Маркетная Performance

Экосистема Centrifuge saw net USD outflows of more than $2.25 million, и total value locked (TVL) was flat at around $1.709 billion after sharp drop from its highs. TVL of CFG in April was above $2 billion mark. Activity on the chain was low, evident from fees generated, with the ecosystem generating about $200.9K in the past 24 hours.

Технический анализ

Маркетная структура CFG was bearish since mid-July, with altcoin falling inside wedge pattern и breaking below lower trendline support. Momentum indicators reinforced bearish control, with reading of Bull Bear Power (BBP) bars at -0.0243 и Chaikin Money Flow (CMF) crashing to -0.22, indicating capital flight. However, altcoin is closer to $0.1257, which is demand zone that pushed it to peak value of $0.3497, и could be start of recovery if bulls return.