$SPCX is trading at a dangerous tipping point around $145. After a powerful rally that aggressively hit a wall inside the $166 - $176 bearish Order Block, the asset has erased all its recent gains. This rapid sell-off is heavily driven by broader macro factors, as escalating geopolitical tensions and sticky inflation data force capital out of high speculative assets into global safe.
Technically, the market structure is heavily strained. The price has plunged straight into the daily CHoCH (Change of Character) line ($144.90), while the dynamic Moving Average has already flipped into resistance overhead near $151.90. If buyers manage to defend this line, a corrective bounce back to retest that MA zone remains possible. However, a clean daily close below $144 will officially break the macro structure, opening the path for a deeper correction toward the major $130 – $137 demand zone.
Technically, the market structure is heavily strained. The price has plunged straight into the daily CHoCH (Change of Character) line ($144.90), while the dynamic Moving Average has already flipped into resistance overhead near $151.90. If buyers manage to defend this line, a corrective bounce back to retest that MA zone remains possible. However, a clean daily close below $144 will officially break the macro structure, opening the path for a deeper correction toward the major $130 – $137 demand zone.