After nearly seven weeks of lower highs, rSPCX has finally broken its descending trendline. The technical structure has shifted, but the breakout still needs confirmation.

The first hurdle is the 113–120 USDT zone. Price is consolidating instead of rejecting sharply, suggesting buyers are absorbing supply. A strong close above 120 USDT could open the door to 122 USDT and potentially 130 USDT.

The earnings reaction had substance. Starlink's continued growth and improving margins gave bulls confidence, while AI infrastructure remains the longer-term wildcard. Guidance, not just the headline numbers, will determine whether this momentum lasts.

The biggest risk is still ahead. A large share unlock will significantly increase the tradable float, meaning fresh supply could challenge this breakout. Until price proves it can hold through that event, I'm treating this as a developing reversal rather than a confirmed trend change.

From an execution standpoint, this is the type of event-driven trade I'd rather keep ring-fenced than mixed with my core portfolio. That's one reason I find rToken's flexible collateral structure useful for managing catalyst-specific risk.

Key Levels
Support: 113–120 USDT
Bullish confirmation: Close above 120 USDT
Upside targets: 122 USDT → 130 USDT
Invalidation: Loss of 104 USDT

I'll continue tracking this setup closely. If you enjoy this style of analysis, you're welcome to join my Private Elite Portfolio on Bitget CFD, where I'll be sharing how I manage the trade in real time using the upgraded TradingView charts.