On the 2-hour time frame, AST SpaceMobile (NASDAQ:ASTS) has broken out of a downtrend, as shown in the chart, but has not yet closed above the critical resistance level of $25.69, with the current price at $25.18. This breakout suggests a potential shift in momentum. If the stock sustains this upward trend and closes above $25.69, technical indicators point to a possible target of around $29. However, failure to break this resistance could limit near-term gains in the dynamic space-telecom sector.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.