TRX, the native cryptocurrency on the TRON network, jumped 1.10% to trade at $0.293. A part of this recovery came from the broader market uptrend, and the other can be attributed to a recent registration filing for a leveraged products TRON exchange-traded fund (ETF). With sustained buying, the TRX price is nearing a major resistance breakout, signaling an opportunity for further rally.
REX Shares Files for 2x Leveraged TRON ETF
On Thursday, July 11th, REX Shares LLC filed a new registration with the U.S. Securities and Exchange Commission (SEC) for a 2x leveraged exchange-traded fund (ETF) targeting TRON coin.
The proposed fund, “T-REX 2X Long TRON Daily Target ETF,” aims to achieve a 200% return on TRON’s daily volume through leveraged exposure. The ETF will not hold TRX directly but will gain exposure through swaps, call options, and TRON-based ETFs.
As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify (200%) the daily performance of TRON,” the filing states. “The Fund will utilize total return swaps that provide exposure to exchange-traded funds or other exchange-traded products that invest in spot TRON or TRON derivatives such as swaps or futures contracts.”
If approved, the ETH would boost institutional access to trading volume in TRX, potentially driving liquidity and growth opportunities.
TRX Price Drives Steady Uptrend Amid Channel Formation
Since mid-March 2025, the TRON coin price has experienced a steady upward trend, resonating within two parallel trend lines that form a channel pattern. As shown in the chart below, the coin price has bounced several times from the pattern’s dynamic resistance and support trend lines, validating the credibility of the setup.
Following a recent rebound from the bottom support in late June, the TRX price currently trades at $0.29. With an intraday surge of 1.34%, the coin price is poised to challenge the monthly resistance level of $0.29. A potential breakout from this barrier will further accelerate the bullish momentum and drive another 5.5% jump to challenge the overhead trendline.
Until the pattern is intact, the coin price will continue its current bullish momentum. However, a decisive breakdown from either boundary could signal a shift in market sentiment.
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