#TRXETF Canary Capital's TRX spot ETF application has sparked interest, marking TRX as the 13th cryptocurrency to file for a spot ETF. The application aims to provide regulated access to staking rewards. TRX's price surged 12% after the news, with trading volume increasing significantly. Technical indicators show strong buying pressure, but market sentiment remains bearish, with TRX trading at $0.24. The ETF proposal could attract institutional investors, potentially stabilizing or boosting TRX's price. Analysts forecast a potential retest of $0.23 if momentum doesn't improve, but market confidence recovery could see TRX reclaim $0.259. Success depends on market sentiment.