AST SpaceMobile Slides 7.6% to $79.19 Ahead of March 2 Earnings

AST SpaceMobile closed at $79.19 after dropping 7.6% on the day, with traders now watching the March 2 earnings report as the next major catalyst. The weekly chart keeps ASTS inside a rising channel despite the pullback.

⬤ AST SpaceMobile shares settled at $79.19 after a sharp 7.6% single-day decline. The weekly candle reflected a milder -1.01 (-1.26%) move, a reminder that daily and weekly timeframes tell different stories. Either way, attention is firmly on the March 2 earnings report as the next real test for the stock.

⬤ Technically, ASTS is trading inside a rising channel that has framed the uptrend into early 2026. The weekly close at $79.19 puts price near the channel's lower boundary - a key area of trend support. A projected move on the chart points higher from this zone. Earlier analysis on TheTradable tracked this same setup: AST SpaceMobile Holds Rising Channel Near $82 Ahead of March 2 Earnings.

⬤ The broader narrative around the selloff frames it as sentiment pressure rather than a shift in fundamentals, with the company's 50+ carrier partnerships and space-based broadband ambitions still intact. For traders watching nearby levels, two additional reads break down the support picture: AST SpaceMobile Holds $84 Support at Key EMA Cloud Level and AST SpaceMobile Eyes $70-$75 Support as Channel Test Looms.

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Eseandre Mordi E-mail

Eseandre is a blockchain lover from Nigeria, who also likes music and protecting women's rights.