AST SpaceMobile faces class action lawsuits: Can ASTS avoid deeper losses?

Traders Union
All News
Stocks
Ast SpaceMobile drops 5.54% today

Highlights

AST SpaceMobile announced a $1.3 billion supply and engineering agreement with Firefly Aerospace for Miranda engines and debuted its Blacklift launch vehicle.
Rakuten Group and AST SpaceMobile formed the Rakuten AST joint venture and secured $1 billion in non-dilutive funding from Japan’s Ministry of Internal Affairs and Communications.
Shares of AST SpaceMobile dropped 5.54% to $34.5 with high volatility, bearish momentum prevails, and the expected trading range is $29.86 to $39.14.

Expansion moves and funding offset lingering engine risks, legal headwinds

On November 12, 2026, AST SpaceMobile debuted its proprietary Blacklift launch vehicle in New York City and entered into a $1.3 billion supply and engineering agreement with Firefly Aerospace for Miranda engines, according to Techtimes. This development signals the company's intent to secure greater launch flexibility and accelerate BlueBird satellite deployment, but ongoing technological uncertainty remains as the Miranda engines have not yet reached orbit. The next day, Rakuten Group and AST SpaceMobile established the 'Rakuten AST' joint venture and secured $1 billion in non-dilutive funding from Japan’s Ministry of Internal Affairs and Communications for a new mid-band satellite constellation, as reported by Cyprusshippingnews. Separately, several law firms filed class action lawsuits against AST SpaceMobile, Inc. alleging securities law violations related to capital and disclosure practices, as reported by Globenewswire.

Short- and long-term weakness as mixed momentum tempers rebound hopes

Technically, ASTS is now trading below the MA-20 and MA-200 levels while remaining above the MA-50, illustrating pronounced short- and long-term selling pressure but some medium-term stability. The Ichimoku Kijun at $34.84 stands as immediate resistance. In terms of momentum indicators, MACD delivers a Strong Buy signal, yet ADX is Neutral, resulting in a mixed technical picture. Both RSI and CCI are positioned in their neutral zones, whereas Stochastic RSI is oversold—providing the only indicator-based hint at rebound potential. Bull/Bear Power reads negative at -0.26, reinforcing the presence of moderate seller dominance intraday, while the Awesome Oscillator stays neutral.

Limited breakout odds as downside risk outweighs range-bound scenario

For the next several days, ASTS is forecast to fluctuate within a typical volatility band between $29.86 and $39.14. The probability of a breakout to the upside is limited at 26%, while the likelihood of a further downward move is significantly higher at 74%. The baseline scenario envisions sideways price action inside the defined corridor, but a bullish breakout would require a sustained move above immediate resistance. Should price breach the lower end of the range, a bearish scenario would develop, increasing downside momentum.

Anton Kharitonov, expert at Traders Union, sees AST SpaceMobile under increased pressure after its sharp daily decline and its position below key moving averages. He views the debut of Blacklift and its $1.3B Miranda engine deal as an ambitious step, but notes that technological and legal risks remain high, especially given the unproven launch technology and recent class action lawsuits. The technical signals are mixed, and the probability still favors a further downward move with only moderate indications of rebound potential. "Until ASTS can demonstrate operational success and stabilize above immediate resistance, I remain defensive and see further downside risk prevailing in the short term."

Previously it was reported that AST SpaceMobile faced ongoing execution risks and persistent technical weakness despite notable project developments. The current technical setup reinforces that downside risks remain dominant, with traders advised to monitor the $29.86–$39.14 volatility band for potential price inflection points in the days ahead.

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.