The TRX price has a new catalyst, but $0.35 remains a stubborn obstacle. CanaryFunds has announced the launch of the Canary Staked TRX ETF, offering exposure to TRX while seeking 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. That gives investors another potential reason to consider exposure to TRX, although the announcement alone doesn’t guarantee sustained buying pressure.
TRX Price Needs To Clear $0.35 First
The TRX price is currently trading above its 200-day EMA band while facing resistance block around $0.35. A decisive move beyond that level could improve the broader technical setup.
If momentum strengthens, $0.45 becomes the next major level to watch. A move above $0.45 could potentially push TRX/USD into a new price discovery phase and surpass its late-2025 high.
Still, rejection at $0.35 would keep the rally vulnerable. In that case, TRX could decline toward $0.31 or even $0.26.
TRON Activity Remains High Despite Decline
Meanwhile, TRON’s on-chain activity has cooled from its June 2026 peak. Active addresses reached approximately 5.8 million in June but had declined to around 4.35 million by early September.
That’s a reduction, but the figure remains substantial. In early 2024, active addresses were around 2 million, meaning current activity is still more than double that level.
TRX Price Rally Depends On Real Demand
The Canary Staked TRX ETF adds a longer-term demand narrative, while TRON’s active-address figures show that network usage remains elevated despite the recent decline.
For now, the TRX price needs to break $0.35 and hold above it. If buyers manage that, $0.45 could become the next major test; otherwise, the $0.31 and $0.26 levels remain in focus.
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