EU spectrum rule changes: Can AST SpaceMobile stock hold $59.72 support?

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AST SpaceMobile slides 5.45% today

Highlights

AST SpaceMobile filed with the FCC to renew a 30-day authorization for continued 800 MHz broadband testing with federal and mobile partners.
Vodafone and other European operators are considering a joint spectrum bid with AST SpaceMobile, but EU proposals requiring a change in Vodafone and AST SpaceMobile’s ownership structure introduce implementation risk.
Shares of AST SpaceMobile closed at $62.42, falling 5.45% and remaining under long-term technical pressure, with a forecasted range of $59.72 to $65.12 and a higher risk of further declines.

Regulatory hurdles grow as spectrum alliances raise operational risk

AST SpaceMobile has filed with the FCC to renew a 30-day authorization for continued 800 MHz broadband testing in collaboration with federal customers and mobile partners, a regulatory move directly affecting the company's ability to advance its satellite broadband operations. Simultaneously, European telecom operators, including Vodafone, are exploring a joint spectrum bid with AST SpaceMobile to compete with Starlink, according to Newsable Asianetnews, highlighting both opportunities and intensifying regulatory complexities. Ongoing EU rule proposals would require an ownership change in Vodafone’s 50/50 satellite venture with AST SpaceMobile to qualify for European-reserved spectrum, introducing implementation risks that may weigh on longer-term partnership prospects.

Sustained seller control as technical signals diverge at resistance

Technically, ASTS is positioned below the MA-20 but above the MA-50, while remaining well under the MA-200, reinforcing the presence of persistent long-term selling pressure. The immediate resistance is marked by the Ichimoku Kijun level at $64.13. Momentum indicators provide mixed signals: MACD currently flashes a strong buy and ADX maintains a buy bias, but both the RSI and CCI are situated in sell zones. Stoch RSI remains oversold, with Bull/Bear Power also showing an oversold condition, collectively suggesting seller dominance amid heightened intraday volatility.

Downside risks increase amid projected range-bound volatility

In the near term, ASTS is expected to trade within a volatility band between $59.72 and $65.12 over the next several sessions. Based on technical probabilities, there is a higher chance (59%) of a downward move, with only a 41% probability of upward price action. The baseline scenario is for price consolidation within this range; a break above $64.13 resistance would support recovery prospects, while a fall below the $59.72 support could trigger accelerated selling.

Anton Kharitonov, expert at Traders Union, sees persistent selling pressure on AST SpaceMobile due to both technical weakness and regulatory hurdles. He believes downside risk remains elevated, with price action confirming vulnerability below major moving averages and operational uncertainty from ongoing FCC and EU approvals. The analyst remains cautious until resistance at $64.13 is decisively recaptured. "Until ASTS can break above $64.13 and dispel uncertainty around key regulatory decisions, I see little reason to anticipate a sustainable recovery."

Earlier, analysts noted that AST SpaceMobile was experiencing persistent technical weakness and near-term indecision following a period of selling pressure. The current environment introduces heightened regulatory uncertainty alongside intensified seller dominance, making the $59.72 support level crucial for gauging 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

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.