Saad Ullah
⬤ AST SpaceMobile is stuck in a clearly defined weekly range right now, caught between bulls trying to push higher and bears looking to pull it back down. The stock has been consolidating after a solid run-up, with selling pressure consistently kicking in around $120 and buying interest showing up every time it dips toward $102.
⬤ The chart shows multiple failed attempts to break above $120, which has turned into a solid resistance ceiling. Every time the price approaches that level, sellers emerge and push it back down. On the flip side, whenever it drops toward $102, buyers step in and support the price, making it a reliable floor for now. This back-and-forth action shows the market is in balance—neither bulls nor bears have enough strength yet to force a real breakout or breakdown.
⬤ Zooming out, AST SpaceMobile is still holding within a longer-term uptrend on the weekly timeframe. The price continues trading above rising trend support and the main moving averages shown on the chart, which means the overall bullish structure hasn't been broken. But the gap between $120 resistance and $102 support is getting tighter, signaling that volatility is compressing and the range is maturing.
⬤ This setup matters because when a stock consolidates at higher levels like this, it usually leads to a sharp move in one direction. If ASTS manages to break cleanly above $120, it would confirm fresh upside momentum and continuation of the bigger trend. But if support at $102 fails, the focus shifts to a deeper pullback. Until one of these levels breaks, expect ASTS to keep bouncing between them—and whichever side gives way first will likely set the tone for the next major move.
Saad Ullah
