Will AST SpaceMobile stock hold $56.61 support after class action lawsuit allegations?

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AST SpaceMobile drops 4.05% today

Highlights

A securities class action lawsuit alleges AST SpaceMobile made materially false statements about its capital and liquidity between March 2025 and July 2026.
AST SpaceMobile and TELUS completed a direct satellite-to-smartphone integration test in Canada with standard devices, indicating potential for remote coverage.
ASTS/USD rebounded from a daily drop of 4.05%, with strong intraday bullish momentum and a projected range of $56.61 to $64.69 over the next two to three days.

Legal action heightens risk as satellite test showcases potential

A securities class action lawsuit has been filed against AST SpaceMobile, Inc. for shareholders who acquired securities between March 4, 2025, and July 15, 2026, alleging materially false or misleading statements regarding the company’s capital, liquidity, and competitive position, according to Prnewswire. The initiation of this legal action introduces financial and reputational risks, raising uncertainty among investors and contributing to more defensive posturing in the market. Separately, AST SpaceMobile and TELUS completed a direct satellite-to-smartphone integration test in Canada, demonstrating technical potential for remote coverage using standard devices, as reported by Finance Yahoo.

Bullish signals strengthen as price approaches key resistance

On the technical front, ASTS has reclaimed the MA-20 at $60.37 and MA-50 at $59.67 on the hourly chart, but it continues to trade below the MA-200 at $81.02. The Ichimoku Kijun sits at $60.92, marking the nearest resistance level, while $56.61 defines the next significant support below. Among momentum indicators, MACD issues a strong buy signal even as ADX remains neutral, reflecting emerging bullish pressure without a decisive trend. RSI is at 52.74 with a buy reading and remains clear of overbought territory; Stochastic RSI and CCI present neutral stances. Bull/Bear Power shows pronounced buyer dominance intraday, though the Awesome Oscillator remains neutral, underscoring a mixed momentum profile amid high volatility.

Upside bias likely as volatility sets constrained trading range

Over the coming two to three sessions, the likely trading range for ASTS is set between $56.61 and $64.69, reflecting the asset's typical volatility. There is a very high probability of an upward price move, with limited prospects for a downward break. The base scenario calls for ongoing consolidation within the current corridor. A bullish acceleration could be triggered by a breach above the $60.92 resistance, while a loss of near-term support would introduce risk of a move down toward $56.61.

Viktoras Karapetjanc, expert at Traders Union, notes that legal developments are weighing on market sentiment, but the company's technical achievements signal robust long-term potential. He sees defensive positioning among investors, yet the underlying technology and technical indicators point to constructive momentum. Short-term risks remain, yet optimism is supported by a clear upward bias in recent trading. "Despite current legal headwinds, I see structural strength in ASTS and expect the bulls to test higher levels while the innovation story unfolds."

Earlier, analysts noted that AST SpaceMobile faced mounting downside risks and heightened volatility amid launch delays and the announcement of a major convertible debt offering. The recent emergence of a securities class action lawsuit, alongside technical signals hinting at bullish potential, adds a new dimension to the outlook, with the $60.92 resistance level now serving as a pivotal threshold for a possible upward breakout.

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.