---
title: "TRX coiled at $0.33, facing a potential drop with indicators aligning. Futures market shows a 60% bearish lean."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295306827.md"
description: "All key moving averages have converged to a single price level while Bollinger Bands are exhibiting their narrowest range in months. Additionally, the futures market is subtly indicating a bearish sentiment, with TRX showing approximately a 60% likelihood of a downward trend."
datetime: "2026-08-08T18:36:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295306827.md)
  - [en](https://longbridge.com/en/news/295306827.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295306827.md)
---

# TRX coiled at $0.33, facing a potential drop with indicators aligning. Futures market shows a 60% bearish lean.

All key moving averages have converged to a single price level while Bollinger Bands are exhibiting their narrowest range in months. Additionally, the futures market is subtly indicating a bearish sentiment, with TRX showing approximately a 60% likelihood of a downward trend.

### Related Stocks

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

## Related News & Research

- [TRX: Record Q3 gold output and revenue, with plant expansion fueling strong growth and outlook](https://longbridge.com/en/news/292870958.md)
- [UFI: Gross profit and cash flow rebounded, with Brazil leading growth and Asia facing headwinds](https://longbridge.com/en/news/296397366.md)
- [Key facts: Diageo (DGE) cuts jobs; rejects Kenya reserve; CEO £1.4m](https://longbridge.com/en/news/296316441.md)
- [UFI: Q4 delivered revenue growth, margin gains, and a major asset sale to strengthen the balance sheet](https://longbridge.com/en/news/296505571.md)
- [Sweetgreen opens first East Coast sweetlane drive-up location in McLean, Virginia](https://longbridge.com/en/news/296232851.md)