Strive Stock Dips Amid Cooling Momentum
Strive stock (ASST) dipped slightly on Monday, closing at $29.00 after opening at $29.55. Despite this minor setback, the daily trend remains bullish for Strive.
The company's continued accumulation of bitcoin has kept its equity story closely tied to the digital asset's price behavior and broader treasury trade. After purchasing a whopping $94.5 million worth of BTC last week, Strive's holdings have now surpassed 27,000 units.
The technical setup for ASST is complex, with hourly momentum readings signaling exhaustion and a cooling phase in the trend. However, the daily EMA stack remains bullish, with price above all three key moving averages: EMA20 ($26.93), EMA50 ($22.10), and EMA200 ($23.27).
A break above $30.03 daily resistance would be a clear sign of a resumption in the uptrend for Strive stock. Conversely, a close below the EMA20 at $26.93 would invalidate the current bullish structure and confirm a trend shift.