SPCX rebounds strongly! Is $172 the next stop, or will it retest the previous high of $176?
Take a look at SPCX’s daily chart. The price has rebounded quickly from around $140–$145 and is now above $161, reclaiming the MA7 and MA25. The short-term trend has clearly improved.
But I don’t think we can call this the start of a major rally just yet. Several levels will be crucial from here:
📍 First resistance: $162–$164. This is the zone currently being contested. Whether the price can break through decisively will determine if the rebound can continue.
📍 Second resistance: $167–$169. If volume picks up and the price breaks above $164, this will be the next hurdle.
📍 Bullish target: $172–$176. This is a strong resistance zone near the previous high. The price will have a chance to challenge it again only if it breaks through the earlier resistance levels and holds above them.
📍 First support: $156–$158. If the price pulls back and holds this zone, the rebound structure could remain intact.
📍 Key support: $150–$152. If the price breaks below $156 and continues to weaken, be prepared for a deeper pullback.
My view: The short-term outlook is bullish. I’m watching $168 first, then $172–$176 if the price breaks through. But if it repeatedly fails to get past $164, watch out for a reversal after the surge—don’t chase blindly.
Markets are about breakouts and follow-through, not simply guessing a target price. SPCXUSDT is a pre-IPO equity perpetual contract, so volatility and leverage risks are significant. Managing your position size matters more than predicting the exact high.
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