SPCX: Trendline Break and $110 Liquidity Zone in Focus

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SPCX: Trendline Break and $110 Liquidity Zone in FocusSpace Exploration Technologies CorpBATS:SPCXXAUApex🔹 SPCX is showing a recovery from the August lows, followed by a steady bullish advance along a rising trendline. However, the recent rejection from the $170–$175 resistance zone has shifted short-term price action toward consolidation and downside pressure. Price is currently hovering around $150, where the market appears to be testing a key support area. The recent break below the rising trendline suggests that bullish market structure may be weakening, while the resistance zone remains an important barrier for any potential recovery. 🔸 If sellers maintain control and price continues to struggle around current support, a bearish continuation could bring the $140 area into focus before a possible move toward the $110 liquidity zone. Conversely, if buyers reclaim the broken trendline and establish stronger price action above nearby resistance, a recovery toward the $160–$175 region could develop. Traders may wait for clear price confirmation before considering any trade, as a failure to hold current support could increase downside pressure. This technical analysis highlights the importance of monitoring liquidity, support, resistance, and market structure. This analysis is for educational purposes only and does not constitute financial or investment advice. Always conduct your own research before making trading decisions.