TRX Price Seeks Breakthrough Above $0.35
The TRX price has received a boost with the launch of the Canary Staked TRX ETF, which offers exposure to TRX while seeking additional returns through delegated proof-of-stake validation on the TRON network.
The fund's net staking rewards will be reflected in its net asset value, providing investors with another reason to consider exposure to TRX. However, this announcement alone doesn't guarantee sustained buying pressure.
The current price of TRX is trading above its 200-day EMA band while facing resistance around $0.35. A decisive move beyond this level could improve the technical setup.
If momentum strengthens, $0.45 becomes the next major level to watch, potentially pushing TRX/USD into a new price discovery phase and surpassing its late-2025 high.