SpaceX SPCX price could fall back to $157

After an impressive rally to $225 immediately following SpaceX’s market debut, the price of $SPCX is showing signs of cooling. Analyst @alicharts points to a local rejection at the upper channel boundary and sees room for a further pullback, possibly even to $157.

Cooling off after historic peak

According to @alicharts’ analysis on a 10-minute chart, $SPCX is currently in a descending channel. After hitting the all-time high of $225. the price meets resistance at the top of that channel, resulting in a local correction.

The analyst sees the first serious target as the middle of the channel at $172. That level acts as a temporary resting point, but if selling pressure persists, $157 is the next level to watch. According to @alicharts, that is the absolute bottom of the channel, a zone with strong demand.

When will the trend turn around?

For a recovery in short-term sentiment, a decisive close above $192 is needed. As long as $SPCX remains below this level, the downward pressure persists and a further decline towards the channel bottom remains realistic.

If the price manages to break through $192. that opens the way back to the all-time high zone around $225. The current price of $184 sits exactly between the two scenarios, just below the resistance zone of $192 but still well above the absolute bottom. Traders will be closely watching the coming sessions to see if there is enough strength for a breakout.