SpaceX T-Mobile Takeover Buzz Drags SPCX Into Bearish Channel

Why Is SpaceX in the News Today With T-Mobile?

A TD Cowen analyst says SpaceX could buy T-Mobile to speed up its wireless push in the US. The idea is still just a rumor, but markets reacted.

The report says T-Mobile's current Starlink deal makes this a possible fit. Both $TMUS and $SPCX moved on the news.

Analysts called it "purely speculative" but said it shows how much pressure SPCX is putting on the telecom space.

What is happening with the SPCX Stock Price Right Now?

As per CoinStats charts, the 30-minute SPCX chart tells a clear story. Price ran up to $228 on June 16, then began a steady fall inside a descending pattern.

Since then, every rally attempt has been sold. The pattern is still intact as of June 26.

Current price sits around $152.86, with a session low near $150.32 and a high of $153.35.

Where Is the Support Level for SPCX Stock in June 2026?

Yes. There is a strong blue horizontal support line sitting right around $150. Price touched this zone recently and bounced.

This $150 area has acted as a floor multiple times in the past week. A break below it could signal more downside.

If buyers hold this zone, a short-term bounce is possible. But the bigger downtrend is still intact.

What Does RSI Indicate for SpaceX Stock Today?

The RSI (14) on the 30-minute chart reads 42.54, with the signal line at 38.75. Both are below the 50 midline.

This shows the stock is leaning bearish right now. RSI is not in oversold territory yet, so there is still room to fall.

A move back above 50 RSI would be the first sign that buyers are returning with real strength.

How Long Will the SpaceX Stock Descending Channel Last?

The descending channel started forming after the June 16 high near $228. Since then, the price has moved consistently lower inside this structure.

Upper channel resistance is now around $158 to $160. Lower channel support sits near $145 and is dropping daily.

For the channel to break to the upside, SPCX would need to close a 30-minute candle above $158 with strong volume.

What Can Push SpaceX Stock Up or Down This Week?

On the bullish side, a confirmed Starlink deal or any official SpaceX announcement could push the price back toward $160 to $165.

On the bearish side, if the $150 support breaks and the channel holds, the next target could be around $145.

No deal has been confirmed. The T-Mobile news is a rumor only. That means volatility could continue in both directions.

What Are the Key Price Targets for SpaceX Stock This Week?

• Resistance: $158 to $160 (upper channel and recent supply zone)

• Support: $150 (key horizontal floor shown on chart)

• Breakdown target: $145 if $150 fails

• Recovery target: $165 to $170 if buyers take control

Volume stood at 411,050 at the time of this chart capture, which is moderate for this timeframe.

Disclaimer

This article is for informational purposes only and does not constitute financial advice. Investing in stocks and ETFs carries significant risk, including the possible loss of principal. Always do your own research and consult a licensed financial advisor before making investment decisions.