AT&T Stock Plummets to 52-Week Low Amid SpaceX Starlink Mobile Launch

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 5 days ago

SKY-5.044%

T-0.843%

Explore Agentic TradingLet AI Trade for You

Intensified Competitive Threats: AT&T shares fell approximately 5% on Monday, reaching a 52-week low of $21.29, reflecting the mounting competitive pressures in the telecom industry, particularly with SpaceX's plans to launch a direct-to-consumer Starlink mobile service that poses a direct threat to AT&T and its rivals.
Severe Market Reaction: Verizon's stock plunged over 7%, while T-Mobile declined 6%, bringing its year-to-date losses to 28%, indicating market unease about the telecom sector's future, especially amid rumors of potential collaboration between SpaceX and Charter Communications.
Comcast's Strategic Shift: Comcast shares surged 7.2% following its announcement to separate NBCUniversal and Sky into an independent publicly traded entity, creating a broadband-focused company that may pose greater competitive pressure on AT&T and Verizon in terms of pricing and network expansion.
AT&T's Financial Resilience: Despite facing competitive challenges, AT&T maintains a 4.89% dividend yield and plans to distribute a quarterly dividend of $0.2775 per share on August 3, 2026, demonstrating the company's financial resilience in the current market environment.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like SKY with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for SKY

Technical Sentiment Analysis for Sky (SKY). As of , Sky (SKY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for SKY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, SKY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sky (SKY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0357	0.0421	0.0479	0.0544	0.0602	0.0666	0.0724
Fibonacci	0.0421	0.0468	0.0497	0.0544	0.059	0.0619	0.0666

About SKY

The Governance Token of the Sky Ecosystem is SKY.MKR holders can upgrade their MKR to SKY, and SKY can also be converted back to MKR. Upgrading is optional.Users get 24,000 SKY per MKR when they upgrade.At Launch, the Smart Burn Engine will move to target the SKY/USDS market with all of its current liquidity and all future automatic liquidity acquisition from Protocol Surplus.At later stages of Sky Launch Season, SKY will gain additional features including Sealed Activation and Regular Activation, which gives eligible users USDS and Token Rewards for committed participation in Sky Governance. These functionalities are restricted in some countries, including the US and UK, and for VPN users.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on SKY?

Get Started Free