$SPCX
#SPCXUSDT 1D still looks weak overall, but it’s trying to stabilize after a hard downtrend.
The bigger structure is still lower highs and lower lows from the left side of the chart, so the main trend hasn’t fully turned yet. What changed recently is the bounce from the 108–112 area, which gave price a decent recovery back into the 138–145 zone. Right now it looks like price is stalling there.
Key resistance is 140–145 first. That area is acting like a decision zone. If price can break and hold above it, then next upside levels look around 150–155, then 160. But if it keeps getting rejected here, it may just be a relief bounce inside a larger bearish structure.
Support sits around 132–135 first. Below that, 124–126 matters, then the major support is back near 108–112, which is the main base that started the current rebound.
Pattern-wise, this looks like a rebound into resistance after a prolonged decline, not a clean reversal yet. You could also read the recent candles as a small consolidation just under resistance, so breakout or rejection from this zone should decide the next move.
Simple read:
Above 145: bullish continuation toward 150–155 possible
Below 132: weakness returns and 124–126 can get tested.
Lose 124: risk increases for a move back toward 110 area
Overall tone: neutral to slightly bearish until 145 is reclaimed cleanly.
#SPCXUSDT 1D still looks weak overall, but it’s trying to stabilize after a hard downtrend.
The bigger structure is still lower highs and lower lows from the left side of the chart, so the main trend hasn’t fully turned yet. What changed recently is the bounce from the 108–112 area, which gave price a decent recovery back into the 138–145 zone. Right now it looks like price is stalling there.
Key resistance is 140–145 first. That area is acting like a decision zone. If price can break and hold above it, then next upside levels look around 150–155, then 160. But if it keeps getting rejected here, it may just be a relief bounce inside a larger bearish structure.
Support sits around 132–135 first. Below that, 124–126 matters, then the major support is back near 108–112, which is the main base that started the current rebound.
Pattern-wise, this looks like a rebound into resistance after a prolonged decline, not a clean reversal yet. You could also read the recent candles as a small consolidation just under resistance, so breakout or rejection from this zone should decide the next move.
Simple read:
Above 145: bullish continuation toward 150–155 possible
Below 132: weakness returns and 124–126 can get tested.
Lose 124: risk increases for a move back toward 110 area
Overall tone: neutral to slightly bearish until 145 is reclaimed cleanly.