AST SpaceMobile has successfully broken out of a falling wedge pattern, confirming support at the 0.618 Fibonacci retracement level from its previous uptrend. The breakout suggests a potential upside target of $42 (+67%)
The last major rally started after May 15, 2023, when AST SpaceMobile announced the first-ever voice connection using a satellite-connected phones.
Recent Catalysts:
- Vodafone, in collaboration with AST SpaceMobile, successfully conducted the first satellite video call using a regular smartphone.
- Collaboration with AT&T, Verizon, and Vodafone to integrate satellite-to-cell technology, expanding global coverage.
- FCC's partial approval allows ASTS to launch and operate its commercial satellites
The last major rally started after May 15, 2023, when AST SpaceMobile announced the first-ever voice connection using a satellite-connected phones.
Recent Catalysts:
- Vodafone, in collaboration with AST SpaceMobile, successfully conducted the first satellite video call using a regular smartphone.
- Collaboration with AT&T, Verizon, and Vodafone to integrate satellite-to-cell technology, expanding global coverage.
- FCC's partial approval allows ASTS to launch and operate its commercial satellites
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