$ASTS switching to the linear chart we can see some more signs of a potential low being in or very close. Rising trend from April and June 2025 lows align with yesterday's low. Blue AVWAP is anchored to all time low in April 2024, and it came very close to tagging it at $52.50. We also saw it tag the former falling wedge, and so far held. Given the notes offering it's not uncommon to chop around the range it made on day 1 of the reaction (yesterday) for several days/weeks and even make a lower low over coming sessions before a big reversal or bounce. Bulls have their work cut out and would need to close back above the 8ema (not shown) around $67 and possibly higher as the ema pulls up as price approaches it from below. Ultimately, reclaiming $70 and defending $65 going forward would be a
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