Victoria Bazir
⬤ AST SpaceMobile recently tested its previous all-time high but couldn't break through, creating a clear resistance barrier on the daily chart. Institutions continue buying shares even as the price stays stuck below that former peak.
⬤ The chart shows ASTS hovering around $100 after bouncing back from lows near $50. Multiple attempts to push higher have been turned away at the old high, confirming it as solid resistance. The stock is holding above key support levels while it consolidates under this ceiling.
⬤ This resistance will likely stay in place until ASTS builds a stronger base underneath. Ongoing accumulation during this consolidation phase could set the stage for a breakout. If the stock clears this level, the upside target sits above $140.
⬤ Right now, ASTS is in consolidation mode below resistance. Staying above support while forming this range keeps the bullish setup alive, but confirmation won't come until there's a sustained break above the previous all-time high.
Victoria Bazir
