Alex Dudov
⬤ AST SpaceMobile (ASTS) is trading just under a key resistance zone around $120 after bouncing back from its recent consolidation range. Sellers have been defending the $120 level, but recent action shows this ceiling might not hold much longer. Over the past three sessions, buyers have been stepping in at increasingly higher prices instead of letting the stock drift lower.
⬤ The daily chart shows ASTS staying above solid support that previously served as a foundation during earlier consolidation. The EMA cloud is rising and starting to catch up with current prices, creating dynamic support underneath. This mix of horizontal support and tightening moving averages has kept the structure bullish even as the stock repeatedly tests overhead resistance.
⬤ From a technical view, $120 remains the immediate barrier to clear. But the way price has compressed below resistance while carving out higher lows shows that sellers haven't been able to push it down. The chart also points to a Fibonacci extension with the 1.618 level near $160 as a potential upside target if a breakout confirms. Price hasn't broken the broader uptrend since buyers keep stepping in above support.
⬤ This setup matters because it shows a potential shift from consolidation to expansion. ASTS holding above support while testing resistance multiple times suggests building momentum. A clean break above $120 would signal renewed strength, while failing to hold current levels would mean more sideways action ahead. With clear technical levels in play, the next few sessions should determine which direction the stock takes next.
Alex Dudov
