AST SpaceMobile stock drops 6.67% as sellers push price toward $59.84 support

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AST SpaceMobile slides 6.67% to $68.01

Highlights

Rakuten secured Japanese regulatory approval to launch its satellite phone venture using AST SpaceMobile technology, opening direct access to the local telecom market.
AST SpaceMobile plans to launch upgraded BlueBird satellites 11–13 in August, nearly doubling peak data speeds and advancing commercialization.
ASTS trades under persistent selling pressure, remaining below key moving averages with bearish momentum; price expected to consolidate between $59.84 and $76.18.

Commercial gateway with Rakuten as regulatory backing and launches advance

Rakuten received regulatory approval in Japan to proceed with its satellite phone business using AST SpaceMobile’s technology, a move that grants ASTS direct access to Japan’s telecommunications market and establishes the foundation for its joint venture with Rakuten, according to Stocktwits. This development formalizes a key commercial partnership and enhances ASTS’s outlook in direct-to-cell satellite connectivity. Meanwhile, AST SpaceMobile announced that BlueBird satellites 11, 12, and 13 are scheduled for launch from Cape Canaveral in early August and will feature upgraded communication arrays nearly doubling peak data speeds, according to Thefastmode and Satcom. These operational milestones present tangible progress in the company’s commercialization roadmap, though price action has remained under broader selling pressure.

Bearish momentum and oversold signals as technical barriers cap

On the technical front, ASTS closed below the MA-20 at $72.46, MA-50 at $79.04, and MA-200 at $80.88 on the daily chart, with the Ichimoku Kijun level at $74.04 marking immediate resistance. Momentum indicators remain bearish: the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) both signal Sell. The Relative Strength Index (RSI) sits at 32.38, showing oversold levels, while Stochastic RSI, Commodity Channel Index (CCI), and Bull/Bear Power confirm the presence of strong selling pressure. The Awesome Oscillator is neutral, providing no additional signal. Intraday oscillators and trend indicators are aligned to the downside, with no divergence evident in the session's momentum data.

Sideways bias and downside risk as breakout triggers defined

Over the next two to three trading days, ASTS shares are likely to trade within a volatility band of $59.84 to $76.18. The probability of a move higher is estimated at 23%, with the risk of additional downside considered materially greater. The baseline scenario expects sideways consolidation within this range. A push above $74.04 would pave the way for a bullish reversal, while a break below $59.84 would confirm continued downward extension.

Anton Kharitonov, expert at Traders Union, sees fundamental progress at AST SpaceMobile with the Rakuten partnership and upcoming satellite launches. However, he remains cautious as technical momentum stays bearish and the stock sits below key resistance. The probability of a rebound is low unless $74.04 is reclaimed on strong volume. "For now, I expect continued volatility and would avoid upside exposure unless a clear reversal develops above resistance."

Earlier, analysts noted that AST SpaceMobile remained under persistent selling pressure despite operational progress and strategic agreements. The latest session underscores this ongoing bearish momentum, with fresh technical lows aligning with a strengthened downside scenario, making a close below $59.84 a pivotal risk level for further declines.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.