---
title: "TRX faces strong selling pressure despite crowded long positions. Price at $0.33 set to drop to $0.32 before taking off."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293902401.md"
description: "TRX is currently experiencing the closest price compression of the year, with aggressive sellers prevailing despite a high number of long positions. The Simple Moving Average (SMA) 200 is at $0.32, making a near-term downward movement likely."
datetime: "2026-07-27T08:20:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293902401.md)
  - [en](https://longbridge.com/en/news/293902401.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293902401.md)
generator: "portal-rs"
---

# TRX faces strong selling pressure despite crowded long positions. Price at $0.33 set to drop to $0.32 before taking off.

TRX is currently experiencing the closest price compression of the year, with aggressive sellers prevailing despite a high number of long positions. The Simple Moving Average (SMA) 200 is at $0.32, making a near-term downward movement likely.

### Related Stocks

- [TRX.US](https://longbridge.com/en/quote/TRX.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**