AST SpaceMobile shares drop more than 5% after BlueBird satellite launch update and expansion news

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Ast spacemobile slides 5.33% today

Highlights

AST SpaceMobile plans to launch its BlueBird satellites in August and may expand Texas manufacturing with a proposed $150 million investment.
Regulatory milestones include New Zealand gateway approval and Bell Canada's first Québec ground station to enable direct-to-device service.
The stock faces persistent seller pressure, trades below key moving averages, and is expected to range between $60.75 and $69.55 with high downside probability.

Operational milestones overshadowed by persisting market pessimism

AST SpaceMobile reported several operational and regulatory developments. The company announced an upcoming campaign for its BlueBird satellite launches scheduled for August. On July 20, the Midland Development Corporation is set to consider a proposed $150 million expansion of AST SpaceMobile’s satellite manufacturing in Texas. The company also received regulatory authorization for a gateway station in New Zealand and Bell Canada completed its first ground station in Québec to support direct-to-device satellite services. Ongoing partnerships and network agreements have been maintained, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, believes AST SpaceMobile’s strong newsflow cannot offset its weak technical structure. He notes the persistent downtrend, with the stock stuck below all major moving averages and key oscillators pointing to oversold conditions. Regulatory wins and expansion initiatives offer little relief as sellers keep dominating sessions. Kharitonov doubts near-term recovery is possible given the evident lack of momentum. "Despite operational progress, I see little incentive for buyers until the bearish regime is clearly broken."

Viktoras Karapetjanc, expert at Traders Union, sees recent developments as setting a solid foundation for future growth. He highlights the company’s aggressive expansion plans and strengthening regulatory position, including the Texas facility proposal and new gateway authorizations. Partnerships and successful ground station deployments show strong institutional and commercial engagement. Karapetjanc remains confident in the project’s strategic trajectory. "These drivers underpin a bullish outlook, and I expect the market to eventually recognize the long-term opportunity in ASTS."

Bearish momentum dominates as technicals confirm seller advantage

AST SpaceMobile is trading below its 20-day, 50-day, and 200-day moving averages, indicating continued seller dominance in the short, medium, and long-term. Immediate resistance stands at $65.8 and support at $60.75, with overall structure remaining bearish despite a longer-term alignment between the 50-day and 200-day averages. Momentum signals such as the MACD continue to indicate weakness, and the ADX at 10.89 points to a lack of trend strength. Bearish momentum dominates across RSI, CCI, and Bull/Bear Power, and the stock displays an oversold backdrop according to these oscillators. The Awesome Oscillator further points to a sustained downward trend. Intraday volatility is recorded at 6.69%, with sellers leading the price to session lows.

Earlier, analysts noted that AST SpaceMobile was experiencing persistent selling pressure and weak momentum despite ongoing operational developments. The latest market action confirms and intensifies this bearish bias, with traders now closely watching for a decisive break below $60.75 as a signal of further downside risk.

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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