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▲ SpaceX (SPCX), Dollar (USD) / AI Generated Image
A single statement from U.S. President Donald Trump has shaken SpaceX (SPCX) stock, bringing the possibility of an additional 20% rebound to the forefront of the market.
According to crypto media outlet Coingape on July 3 (local time), SpaceX stock rose 3% to $162 on that day. The stock, which had shown weakness in early trading, rebounded as buying interest re-entered, and investor interest grew after Trump mentioned the possibility of Elon Musk donating shares.
In a CNBC interview, Trump said he believes Musk could donate SpaceX shares to the Trump Accounts program. He stated that he had not spoken with Musk recently but described their relationship positively. He then cited examples of business figures like Micron and Michael Dell sponsoring child investment programs.
The Trump Accounts initiative aims to create investment accounts for children and allow external contributions. According to Treasury Department guidelines, publicly traded stocks can also be included as contributions, the media reported. However, as neither Musk nor SpaceX has announced a final donation plan, investors showed a tendency to reflect this potential development in the price first.
SPCX closed at $162, up $4.46 on the day. The stock started at around $155, then rebounded as buying interest defended the $157.54 demand zone. Trading volume increased in the afternoon, breaking above $160, and approaching the resistance level near $162.5 in late trading.
In after-hours trading, it fell back to around $160.95, but the media analyzed that if it maintains above $160, the short-term structure could remain positive. Coingape set $165 as the first breakthrough benchmark. If the daily closing price exceeds $165, $180 becomes the next target, and with strong follow-up buying, it could open up to $195.
However, optimism is predicated on maintaining support above $160. A further decline below $157 would weaken upward momentum, increasing the possibility of retesting $155 over the next few trading days. SpaceX stock secured short-term buying sentiment due to Trump's remarks, but breaking $165 and defending $157 remain key price levels that will determine the next direction.
[Article Key Summary]
-SpaceX stock rose 3% to $162 after Trump mentioned the possibility of Musk donating shares.
-Buying interest defended the $157.54 demand zone, and the stock approached the resistance level near $162.5 in late trading.
-Coingape analyzed that if $165 is broken, the $180 and $195 zones could open up, but if $157 is breached, the possibility of retesting $155 increases.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. This content should be interpreted for informational purposes only.*
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