Analyst: SpaceX stock faces strong resistance at $165, and may retreat to the $149 range if pressure persists.
According to Odaily, analyst Ali posted on X stating that the share price of a certain exchange has currently reached the key resistance level of 165 USD, which is considered the upper boundary of its trading channel. As long as 165 USD is not effectively broken, the short-term trend remains at risk of a pullback, with the price possibly retreating to 157 USD, or even further down to the lower boundary of the channel at around 149 USD.
Ali added that if the price can effectively break through and hold above 165 USD, this would negate the current bearish structure and could open up room for an upward move, with a target around 180 USD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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