ASTS Stock Holds Bullish Signal After $100 Conversion Line Backtest

ASTS bounced back above a critical conversion line near $100 after a pullback, keeping bullish momentum intact.

⬤ AST SpaceMobile bounced after testing a key support level and closing back above it. The stock completed a backtest of its conversion line and held above it—a bullish technical signal.

⬤ ASTS is trading around $100 after climbing toward $120 and then pulling back. During the dip, price touched the blue conversion line before stabilizing above it by close. This reaction confirms the technical setup traders are watching.

⬤ The focus is on how price behaved at the conversion line rather than overall market trends. Holding above this level keeps the bullish outlook alive, with a long-term target above $140.

⬤ All eyes are on whether ASTS can stay above this $100 support zone, as the conversion line now acts as the main reference point for the current trade setup.

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Sergey Diakov E-mail

Sergey is a Bachelor of Economics and Master of Foreign Trade, so he understands macroeconomics and how it affects markets. He is fond of the stock markets, especially the US, as the most developed.