$UPST Daily: Watching for a Trend Reversal Breakout

UPST is approaching a major technical inflection point as it rallies back to test a long-standing descending trendline that has defined the downtrend since the $87 peak. The recent bounce from the mid-$30s shows improving momentum, but the stock now sits directly at trendline resistance around $47, where price will either break out and signal a potential trend reversal or face rejection and continue its downward structure. Volume has begun to increase, suggesting early accumulation, and the next move from this level will likely determine whether UPST targets the $50–$52 resistance zone or pulls back toward the low-$40s.