Svmuu News: Analyst Ali posted on X, noting that SpaceX’s stock price has now reached the key resistance level of $165, which is considered the upper boundary of its trading channel. As long as the $165 level is not effectively broken, the short-term trend remains prone to a pullback, with the price potentially retreating to $157 or even testing the lower boundary of the trading channel at around $149.
Ali added that if the price can effectively break through and hold above $165, it would invalidate the current bearish structure and potentially open up upside potential, with a target near $180.