UPST at a Crossroads: Breakdown or Bounce?

Trend Overview

• UPST has been trading within a rising channel since mid-2023 but is now testing key support levels.
  
• The stock is currently at $53.69 (-3.23%), indicating a potential breakdown if support fails at $49.
  

Key Levels to Watch
Support Levels:

• $49.75 - $44.18 → Critical zone (Break below could trigger a move to $31.87)
  
• $31.87 → Long-term support (Last major demand zone)
  

Resistance Levels:

• $64.15 → First level to reclaim
  
• $78.35 → Strong resistance within the channel
  
• $96.43 → Key breakout zone
  

Bearish Signs:

• The price is testing lower channel support.
  
• If $49 fails, next downside targets are $44 and $31.
  

Bullish Hope?

• Closing and Holding above $54 could trigger a recovery.Reclaiming $64+ is crucial for any bullish trend reversal.
  

Verdict:

• Below $49 → High risk of further downside.
  
• Above $64 → Bulls regain strength.
  
• Watching $44-$49 zone for potential reversal or breakdown confirmation.