Eseandre Mordi
⬤ AST SpaceMobile (ASTS) shares are hanging just below the $103 resistance zone on the weekly chart, showing buyers aren't backing down despite multiple attempts to crack this level. Bulls have been keeping the pressure on, holding price elevated while sellers sit on the sidelines, making a clean break above $103 the next key level to watch.
⬤ Looking at the weekly chart, ASTS is consolidating near recent highs after a solid run-up from lower levels. Price is currently trading around $98, comfortably above earlier support zones. Key support sits at $77 and $71, while the next major target upside is around $119. The pattern of higher highs and higher lows remains intact, showing demand is still soaking up supply near resistance.
⬤ What's interesting here is that earlier buys around $60 haven't been trimmed, even with price pushing into resistance territory. Sure, taking some profits near key levels makes sense, but the lack of any real pullbacks and minimal selling pressure suggests buyers are still backing the trend. The fact that price keeps challenging resistance without breaking down tells you sellers aren't getting any traction.
⬤ This matters because when you get extended consolidation near resistance while the trend structure holds, you're often looking at a setup for a bigger move. ASTS staying strong near $103 keeps the breakout scenario in play, while those clear support zones at $77 and $71 give solid reference points if momentum cools off. How price handles this range will likely set the tone for where ASTS heads next.
Eseandre Mordi
