Canary Staked TRX ETF Fuels TRX Price Hopes Above $0.35
The TRX price has found a new catalyst in the form of the Canary Staked TRX ETF, launched by CanaryFunds. This fund offers exposure to TRX while providing additional returns through delegated proof-of-stake validation on the TRON network.
Net staking rewards will be reflected in the fund's net asset value, which could attract more investors to TRX. However, the announcement alone does not guarantee sustained buying pressure.
The TRX price is currently trading above its 200-day EMA band but facing resistance at $0.35. A decisive move beyond this level could improve the broader technical setup.
Breaking through $0.35 and holding above it could pave the way for a push towards $0.45, which could potentially lead to a new price discovery phase and surpass the late-2025 high.