Analyst: SpaceX Stock Faces Strong Resistance at $165, Potential Drop to $149 Range if Rejected

Analyst Ali stated on X platform that the SpaceX stock price has now hit the key resistance level of $165, which is considered the top of its channel. As long as the $165 level is not broken effectively, the short-term trend remains susceptible to a pullback, with the price potentially falling to $157, or even further down to the channel support around $149.

Ali added that if the price can effectively break and hold above $165, it would invalidate the current bearish structure and could open up room for an upward move, targeting the $180 level.