TELUS integration test confirms milestone: ASTS resistance levels in focus

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AST SpaceMobile gains 0.17% as TELUS test succeeds

Highlights

TELUS and AST SpaceMobile achieved successful integration of their wireless and space-based networks for Canadian direct-to-smartphone broadband.
The completed test validates technology readiness and supports potential future demand and revenue as commercial launch nears.
Shares of ASTS remain under long-term bearish pressure, with price likely to consolidate between $54.13 and $62.75 over the next 2 to 3 days.

Milestone with TELUS boosts satellite venture and investor optimism

TELUS and AST SpaceMobile have completed their first integration test connecting TELUS's wireless network with AST SpaceMobile's space-based system, advancing their joint Canadian direct-to-smartphone satellite broadband project, according to PR Newswire. This technical milestone demonstrates the feasibility of interoperable services, which could lay the groundwork for future subscription demand and revenue opportunities as commercial rollout approaches. The successful result provides a tangible indicator of technology readiness, encouraging investor attention to the partnership's long-term execution prospects.

Intraday seller dominance as price faces layered resistance

ASTS has moved above its MA-20 but remains below the MA-50 on the hourly chart, while continuing to trade under the MA-200 on the daily timeframe. The Ichimoku Kijun sits at $59.03, acting as immediate resistance. MACD is signaling a strong sell, ADX is neutral, and RSI at 47.42 suggests mild selling pressure. CCI is neutral, Stoch RSI is overbought, and Bull/Bear Power is oversold, highlighting intraday seller strength, while the Awesome Oscillator stays neutral.

Downside risk prevails amid consolidation and resistance hurdles

In the short term, the price is expected to consolidate between $54.13 and $62.75, with typical volatility around these levels. There is a 42% probability for an upward move, making a downward scenario slightly more likely given current technical evidence. A bullish break above $59.03 could trigger momentum to the upside, while a drop below $54.13 would likely accelerate selling and reinforce the prevailing downtrend.

Anton Kharitonov, expert at Traders Union, sees a technically mixed picture for AST SpaceMobile, despite the recent progress with TELUS. He notes intraday seller strength and uncertain momentum, with the price capped by key moving averages and technical resistance at $59.03. Cautious sentiment is warranted given lingering downside risk and only a 42% chance of an upward move. "Until ASTS decisively reclaims $59.03, I remain defensive and wary of further weakness."

Earlier, analysts noted that AST SpaceMobile faced ongoing technical pressures and legal uncertainty, suggesting a period of consolidation as risks played out. The current article adds a new dimension by highlighting tangible progress in network integration with TELUS, making the $59.03 resistance level especially significant for traders monitoring a potential shift in near-term momentum.

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.