AST SpaceMobile shares dip amid rising selling pressure

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Ast spacemobile slides 4.85% today

Highlights

AST SpaceMobile will launch BlueBird 11, 12, and 13 satellites in August, aiming to nearly double peak broadband speeds.
Strategic agreements with nearly 60 mobile network operators and a planned Rakuten joint venture in Japan expand global reach.
Shares trade under sustained selling pressure in an oversold technical state, with key support at $68.51 and expected five-day range between $62.76 and $75.92.

Global operator deals and new satellite models met with sustained selling

AST SpaceMobile scheduled the launch of its next-generation BlueBird 11, 12, and 13 satellites on a Falcon 9 rocket from Cape Canaveral, Florida in the first half of August. These satellites are designed to nearly double peak mobile broadband speeds compared to previous models. The company secured strategic agreements with nearly 60 mobile network operators worldwide, and Rakuten Group reported plans to form a joint venture for satellite operations in Japan, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes that AST SpaceMobile faces continued selling pressure across all major trend horizons. He highlights the technical weakness, with price sitting below the 20-, 50-, and 200-day moving averages and momentum indicators signaling oversold conditions. Kharitonov also observes that recent news, including strategic agreements and the upcoming satellite launch, have not stabilized sentiment. He points out that even strong partnerships failed to shift the market’s view as sellers maintain control. "The persistent technical breakdown and muted reaction to positive news confirm a defensive stance is warranted here," Kharitonov states.

Viktoras Karapetjanc, expert at Traders Union, believes the recent partnerships and upcoming satellite launch reinforce AST SpaceMobile's robust growth platform. He sees the company's expanding global agreements and joint ventures as a sign of strong institutional confidence and market validation. Karapetjanc notes that despite short-term volatility, the bullish structure remains intact with new technology set to nearly double broadband speeds. "With global telecom leaders backing AST SpaceMobile, further growth and upside potential remain in play as innovation continues," Karapetjanc affirms.

Downside momentum and oversold signals as price nears technical support

AST SpaceMobile is trading below its 20-day ($97.91), 50-day ($87.61), and 200-day ($80.75) moving averages, signaling sustained selling pressure across short-, medium-, and long-term trends. The nearest resistance stands at $71.93 and support is at $68.51, with the moving average alignment indicating a bullish long-term trend backdrop, but current price action remains weak.

Momentum signals are negative, with the MACD forecasting further downside and the ADX at 12.13 indicating a lack of a strong trend. The RSI at 39.57 points to selling pressure, and, together with the Stochastic RSI at 0 and CCI at -115.12, confirms oversold conditions. BBP at -8.2 also suggests sellers dominate intraday momentum and flags an oversold environment, supported by the AO on a sell signal. The stock is trading at $69.34 after an opening downside gap of approximately $0.94 or -1.29%, with a daily loss of $3.54, slipping 4.85%. Price is near today's low in a volatile 4.99% session, pointing to ongoing downward pressure after the open.

Earlier, analysts noted that AST SpaceMobile was facing persistent selling pressure despite operational progress and upcoming satellite launches. The latest market action further underscores downside risk, making a close below $68.51 a potential trigger for acceleration toward the lower end of the projected trading range.

Source of Data: ASTS Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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