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.