Analyst: SpaceX stock faces strong resistance at $165; if rejected, could pull back to the $149 range

Analyst Ali noted on platform X that SpaceX's stock price has currently hit the key resistance level of $165, which is considered the top of its channel. As long as $165 is not effectively broken, the short-term trend still leans toward a pullback risk, with the price potentially falling to $157 or even further down to the channel's lower boundary around $149.

Ali added that if the price can effectively break and hold above $165, it would negate the current bearish structure and could open up upside potential, with a target near $180.