Justin Sun to Break Down Canary Staked TRX ETF Filing on September 11

Justin Sun will join CanaryFunds on September 11 at 10am EST to break down the Canary Staked TRX ETF filing. This event is likely to provide valuable insights into the mechanics of the product and how institutional investors can access it.

The price action on the 4h chart shows that TRON (TRX) has been locked at $0.34, with its EMA50 and EMA200 converged at the same level, creating a firm support zone. This suggests that any potential upward momentum may be hindered by resistance at this level.

The MACD death cross signals are fading, indicating a possible shift in momentum. However, TRX is still sitting inside Bollinger Bands with upper resistance at $0.34, suggesting that the asset may stall and force a quick test of the lower band before fresh continuation.