Centrifuge price surges 18% with rising leverage and reduced sell pressure, but volatility risk grows.

Centrifuge (CFG) saw its price jump over 18% in 24 hours, driven by a 41% rise in Open Interest, indicating strong leveraged trading activity. The rally was supported by reduced selling pressure as tokens flowed off exchanges and forced short liquidations, which accelerated the upward move. However, the heavy use of leverage raises the risk of volatility and potential sharp pullbacks if market sentiment shifts. The price is testing a key resistance near $0.298, and its ability to sustain gains depends on continued buyer support amid these leveraged conditions.