Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Upstart stock price (NASDAQ: UPST) fell 53% in August 2023.</a> </li> 
 <li> <span>2</span> <a>UPST stock price entered consolidation and buyers struggled to defend $30.00.</a> </li> 
 <li> <span>3</span> <a>Upstart Holdings Inc. stock drops below the 200-day EMA.</a> </li> 
</ul> 
<p>Upstart Holdings Inc., UPST stock price fell 53% in the previous month and eroded a big portion of its market capitalization. The trend of Upstart stock has reversed downward and prices have lost the bullish momentum.&nbsp;</p> 
<p>Upstart stock price has dropped below the 50-day and 200-day EMA which hurt the sentiment of the investors. Sellers had taken control of the higher levels and were trying to drag the prices below $30.00.&nbsp;</p> 
<p>Presently, UPST stock seems to be spending time in narrow-range consolidation. However, due to the strong presence of sellers, the possibility of breakdown is high.&nbsp;</p> 
<p>In July 2023, Upstart stock price rallied 91% and created hope for outperformance in the coming months. Unfortunately, buyers are unable to hold the higher levels and prices again revert down.&nbsp;</p> 
<p>It seems like some genuine investors had taken an exit in $UPST and cashed out their investment. At present, UPST share price is near to the crucial support. So it will be interesting to see how prices will react in the coming session.&nbsp;</p> 
<p>Upstart stock price closed by the previous session at $32.95 with an intraday rise of 2.42%. The market capitalization stands at $2.76 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-upst-stock-price-defend-30-00-strong"><strong>Will UPST Stock Price Defend $30.00?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/mAXQ2mTkV_u13A8UYOw8fyn6m_eJwAIlSFwJiq2xfVjs-J18oYE7LPnBI_EE15cvm7Stx4l5-sjI73srXSKrJdlD5xzXaV565x7Uc_NyKkh0vGBV92w9oKfY9YthNMWTGEPDRYuvZXvKeodaXFzjFIk" alt="UPST Stock Struggles to Defend $30; Is Upstart Stock Bearish?"> 
  <figcaption class="wp-element-caption">
    NASDAQ: UPST daily chart by <a href="https://www.tradingview.com/x/q7GpOsqK/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>UPST stock price is in a correction phase and no signs of recovery are visible. Buyers seem reluctant to build any long position showing they lost confidence.&nbsp;</p> 
<p>If the <a href="https://www.thecoinrepublic.com/2023/08/23/upstart-stock-fell-52-smart-money-dumped-the-upst-stock/" rel="noopener noreferrer nofollow">Upstart stock</a> price continues to consolidate in a narrow range for a few more weeks. Then it might be signs of base formation.&nbsp;</p> 
<p>Till UPST stock price sustains above $28.00, a short-term bounce back is possible. On the higher side, $44.00 is likely to act as a strong hurdle for the bulls.&nbsp;</p> 
<p>However, if the buyers succeed in breaking $44.00 then short-term trend reversal is possible. The technical analysis suggests that UPST <a href="https://www.thecoinrepublic.com/2023/08/23/upstart-stock-fell-52-smart-money-dumped-the-upst-stock/" rel="noopener noreferrer nofollow">stock price</a> is in bear grip and more downside is possible.</p> 
<h3 class="wp-block-heading" id="strong-upstart-stock-price-turned-bearish-on-weekly-time-frame-strong"><strong>Upstart Stock Price Turned Bearish on Weekly Time Frame</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_bb4c9"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:UPST",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_bb4c9"

}

  );

  </script> 
</div>  
<p>Upstart stock price turned bearish on a daily or weekly time frame. Any short-term bounce will not be reliable until it breaks the $44.00 hurdle.&nbsp;</p> 
<p>On the lower side, $28.00 is acting as an important support. If the price drops below $28.00 then more downside will open and bears may try to drag it down to $20.&nbsp;</p> 
<p>The MACD curve in UPST stock sloping sideways indicating consolidation might continue. Whereas, the RSI at 40 denotes bearishness.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Upstart Holdings Inc. UPST stock price fell 53% in the previous month and formed a bearish pattern. However, the downfall has taken a halt near $30.00 and buyers are trying their best to defend the support.&nbsp;</p> 
<p>The technical analysis suggests, that Upstart stock price is inside the bear grip and more downside is possible.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $44.00 and $50.00</li> 
 <li>Support levels: $28.00 and $20.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

UPST Stock Struggles to Defend $30; Is Upstart Stock Bearish?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 4, 2023

Cardano Continues to Post Record High On-chain Transaction Volumes

VC Spectra’s Meteoric Presale: Outshining EOS and Hedera (HBAR)?

BTC Price Analysis: Back In Range, BTC Price Goes Radio Silent At $26K?

Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Gala Games’ Co-founders File Lawsuits Against Each Other

Sensei Inu Will Join the League of KASPA, THORchain, & Chainlink

Join our free newsletter for daily crypto updates!