TRX Price Prediction: Will the Canary Staked TRX ETF Hype Fade or Will the TRON Ecosystem Cryptocurrency Upswing?

The asset management company Canary Funds filed for a Canary Staked TRX ETF with the U.S. Securities and Exchange Commission (SEC).

The price of TRX, the native cryptocurrency of the TRON ecosystem, fell over 2.75% to $0.24 during Friday’s U.S. trading session. The selling pressure followed a broader market pullback while neglecting the recently filled staked TRON ETF by Canary Capital.

Is the ETF hype fading, or is TRX preparing for a major upswing?

Canary Funds Files For Staked Tron (ETF)

April 18, 2025— The asset management company Canary Funds filed for a Canary Staked TRX ETF with the U.S. Securities and Exchange Commission (SEC). The new fund aims to offer investors regulated exposure to TRX, with additional staking rewards.

The ETF seeks to track TRX’s spot market price using calculations from CoinDesk Indices while deducting trust expenses.

Leading crypto custodian BitGo Trust Company will safeguard the fund’s TRX holdings. Under the proposed model, a portion of the TRX assets will be staked through third-party providers to earn rewards, while BitGo retains control over the private keys.

If approved, the Canary Staked TRX ETF would attract institutional investors, potentially boasting liquidity and market visibility. This ETF would also set a new precedent for staking-focused ETFs within the financial market.

Despite the filing, the TRX cryptocurrency failed to rebound and recorded a 2.78% intraday loss.

Rounding Bottom Pattern Prepares TRX For $0.3 Rally

This week, the Tron price plunged from $0.26 to $0.24, touching a loss of 7.43%. The selling pressure likely follows the broader market uncertainty as the U.S.-China trade wars continue to keep investors’ sentiment on edge.

As bearish momentum persists, the TRX price could plunge another 6% to seek support at the $0.225 level. If the buyers manage to hold this support for potential higher-low formation, the term price will continue its U-shaped recovery in the daily chart, revealing the formation of a round bottom pattern

The coin price holding above the 200-day exponential moving average indicates bullish long-term sentiment. If the pattern holds, the TRX price could rebound 31.7% from its current trading value to challenge the $0.273 resistance.

A potential breakout from this resistance will signal the end of the correction pattern and drive renewed recovery to $0.3, followed by $0.33.