AST SpaceMobile shares technical analysis: Selloff pressure increases after class action lawsuit filed

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AST SpaceMobile drops 6.74% today

Highlights

Rosen Law Firm and Kessler Topaz Meltzer & Check, LLP filed securities class action lawsuits against AST SpaceMobile, Inc. regarding disclosures on capital needs, liquidity, and competition.
The lawsuits create significant legal uncertainty for AST SpaceMobile and increase negative scrutiny on the company’s management and reporting practices.
ASTS/USD trades below all key moving averages, with bearish momentum indicating a high probability for further declines within the $55.75 to $61.29 range in the short term.

Legal risks escalate as dual class action lawsuits fuel investor unease

On September 20, 2026, Rosen Law Firm filed a securities class action lawsuit against AST SpaceMobile, Inc., alleging the company made false or misleading statements about its capital requirements, liquidity position, and competitive standing in the satellite direct-to-device market, according to PR Newswire. This legal action introduces significant uncertainty, intensifying scrutiny over the company’s disclosures and management practices. On the same day, Kessler Topaz Meltzer & Check, LLP announced a similar class action suit in the United States District Court for the Western District of Texas, as also reported by PR Newswire, further increasing legal risk and compounding negative sentiment among investors.

Weakening momentum persists as technical indicators confirm downside bias

ASTS is trading below its MA-20 ($60.15) and MA-50 ($60.31) on the hourly chart, while remaining well under the MA-200 ($81.68) on the daily timeframe. Immediate resistance is set at the Ichimoku Kijun level of $60.59. On the indicator front, MACD signals a Sell, while ADX is Neutral and does not confirm a particularly strong trend. Both the RSI at 40.96 and CCI show a Sell bias and point to weakening momentum. Stochastic RSI and Bull/Bear Power indicate the stock is oversold with sellers still dominant. The Awesome Oscillator supports continued downside momentum.

Further downside risk prevails as resistance caps short-term rebound

Over the next several sessions, the short-term price range for ASTS is projected between $55.75 and $61.29. The likelihood of any substantial upward reversal remains very low, while the probability of continued downside is high. The baseline scenario is for price to consolidate or move sideways within this corridor. A break above the $60.59 resistance level could trigger short-covering, whereas a drop below $55.75 would likely accelerate declines as sellers maintain control.

Viktoras Karapetjanc, expert at Traders Union, sees the multiple legal actions against AST SpaceMobile as a major driver of recent negative sentiment. He believes the stock's position below key averages and weak momentum reflect both macro uncertainty and heightened risk perception after disclosures came under scrutiny. Karapetjanc maintains a constructive outlook long-term, but short-term, legal and technical headwinds dominate. "Unless ASTS can break decisively above $60.59 on improving sentiment, I expect sellers to stay in control until the legal overhang clears."

Earlier, analysts noted that AST SpaceMobile faced persistent legal risk and technical pressure, reinforcing a negative outlook for the shares. The current analysis adds heightened legal uncertainty and confirms that continued downside remains likely, with traders advised to monitor $60.59 as a key resistance level in the near term.

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.