TRXS Launches on Charles Schwab as Bearish Price Action Takes Hold

TRON DAO and Justin Sun have announced that TRXS, the Canary Staked TRX ETF, is now live on Charles Schwab. This development marks an expansion of traditional investment options for TRX holders, following last year's ETF filings.

The ETF is trading at $0.34, but its price action suggests a bearish structure. The 4-hour chart shows that the EMA50 and EMA200 are acting as resistance at this level, while the MACD has registered a death cross at 0.0. The RSI remains neutral within the Bollinger Bands, indicating exhaustion at upper resistance before any potential test of lower support.

This price action may necessitate fresh TRX price predictions, particularly given broader market trends and Bitcoin flows.