Recovery Continues From the August Low
SPCX has staged a strong recovery from its $104.88 August low, gradually rebuilding structure and pushing back into the major former support area around $150.
The Big Test Is Happening Now
Price has reclaimed the $150 region and is now attempting to establish it as support once again. This is an important test for the recovery, with buyers needing to prove they can defend an area that previously played a major role in price structure.
Short-Term Trend Continues to Improve
The 21/8-day EMAs have now crossed bullishly, with price trading above both averages. RSI also remains above 50, although neutral volume suggests buyers are yet to show particularly strong conviction.
What Comes Next If $150 Holds?
Successfully establishing $150 as support would strengthen the bullish case and keep the recovery moving in the right direction. Beyond there, the June 30 swing high around $172.40 becomes the next major structural level to watch.
In Summary
SPCX has reached an important point in its recovery, with price reclaiming the major former support area around $150 and now attempting to hold it from above. The 21/8-day EMAs have crossed bullishly, and the RSI remains above 50, adding weight to the improving picture. The big test is whether buyers can now establish $150 as support. If they can, attention can gradually shift towards the $172.40 structural high.
SPCX has staged a strong recovery from its $104.88 August low, gradually rebuilding structure and pushing back into the major former support area around $150.
The Big Test Is Happening Now
Price has reclaimed the $150 region and is now attempting to establish it as support once again. This is an important test for the recovery, with buyers needing to prove they can defend an area that previously played a major role in price structure.
Short-Term Trend Continues to Improve
The 21/8-day EMAs have now crossed bullishly, with price trading above both averages. RSI also remains above 50, although neutral volume suggests buyers are yet to show particularly strong conviction.
What Comes Next If $150 Holds?
Successfully establishing $150 as support would strengthen the bullish case and keep the recovery moving in the right direction. Beyond there, the June 30 swing high around $172.40 becomes the next major structural level to watch.
In Summary
SPCX has reached an important point in its recovery, with price reclaiming the major former support area around $150 and now attempting to hold it from above. The 21/8-day EMAs have crossed bullishly, and the RSI remains above 50, adding weight to the improving picture. The big test is whether buyers can now establish $150 as support. If they can, attention can gradually shift towards the $172.40 structural high.
I analyse markets by observing levels, patterns, and structure. I share my process and reasoning for educational purposes, helping readers understand market behaviour without giving advice or predictions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
I analyse markets by observing levels, patterns, and structure. I share my process and reasoning for educational purposes, helping readers understand market behaviour without giving advice or predictions.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.