SPCX how did it drop like this? I’ve seen a lot of people wanting to buy the dip. I asked the robot for its view—here’s what it said for everyone’s reference:
After a series of pullbacks, we are now at the key support zone of $114–$116. The daily chart is still in a bearish trend; the EMA moving averages are in a bearish alignment, and the near-term outlook remains weak.
However, after continuous selling, bearish momentum has started to fade. If price can stabilize around $114, it’s not out of the question that we could see a technical rebound. The first target to watch is $126, with further upside looking toward $133–$136. If it breaks below $110, then we should be cautious about a further drop toward the $100 area.
From a fundamental perspective, SPCX mainly reflects trading sentiment about market expectations for SpaceX’s future growth, rather than any change in the company’s fundamentals. In the future, if there are major positive catalysts such as Starship, Starlink, or financing, it may still attract renewed capital interest.
Watchpoints (short term): Support at $110, resistance at $126. First look for stabilization, then look for a rebound.$SPCX
#Bitcoin market cap share rises to 59%
After a series of pullbacks, we are now at the key support zone of $114–$116. The daily chart is still in a bearish trend; the EMA moving averages are in a bearish alignment, and the near-term outlook remains weak.
However, after continuous selling, bearish momentum has started to fade. If price can stabilize around $114, it’s not out of the question that we could see a technical rebound. The first target to watch is $126, with further upside looking toward $133–$136. If it breaks below $110, then we should be cautious about a further drop toward the $100 area.
From a fundamental perspective, SPCX mainly reflects trading sentiment about market expectations for SpaceX’s future growth, rather than any change in the company’s fundamentals. In the future, if there are major positive catalysts such as Starship, Starlink, or financing, it may still attract renewed capital interest.
Watchpoints (short term): Support at $110, resistance at $126. First look for stabilization, then look for a rebound.$SPCX
#Bitcoin market cap share rises to 59%
