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The Elon Space X Stock Is Breaking Down (Despite Being A Top Bought Stock)
Michael Swanson
July 12, 2026
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Elon’s Musk’s SPACE X stock is on the verge of breaking down into a death spiral (like Bitcoin has been in for a year now), after it made a new all-time closing low last week.
It’s been trading for almost a month now and you can see how it basically pumped up for a few days after it opened for trading and has been fading ever since in this chart.