Peter Smith
⬤ AST SpaceMobile stock took a hit after slicing through the red base line on the daily chart. The failure to hold that crucial level puts all eyes on the next support zone sitting at the Gaussian Channel. After pulling back from recent highs, this breakdown marks a clear shift in the short-term technical setup.
⬤ Price action slid from the upper range down toward the low $90s once that base gave way. The rising Gaussian Channel sitting below current levels is now the next spot where buyers might step in. Losing the prior support shows the bulls couldn't defend that ground.
⬤ Despite this pullback, the bigger picture still points to a potential $140 target. This current drop is basically a move toward lower support rather than any run at that higher objective. What happens around the channel area is now the critical thing to watch.
⬤ How ASTS behaves near the channel zone matters big time – it'll show whether price finds its footing after the breakdown or keeps sliding before any bounce attempt. The reaction at that level will set up the next move within this broader pattern.
Peter Smith
