$SPACE has successfully surpassed a significant resistance zone, marking a potential breakout. Confirmation of this breakout requires a daily candle to close above the established support/resistance (S/R) level. Currently, $SPACE is encountering resistance at its local resistance level. If $SPACE manages to surpass this local resistance, it could set the stage for a new all-time high (ATH).
On the other hand, a rejection from the local resistance level, while still trading above the major S/R zone, could indicate a temporary pause in the uptrend. In such a scenario, $SPACE might consolidate within this range before making another attempt to break out.
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