SPCX is still searching for a bottom at the moment, with no clear downtrend yet. It's still early for a higher HL to appear, and the price action from pre-IPO until now hasn't shown a clear trend. If we judge based on ranges, around 160 might form a secondary pullback bottom before pushing upward. Of course, from my personal perspective, there's a high probability it will test the previous high and then consolidate for the long term.