What does ascendant mean?

In finance, "ascendant" refers to a situation where a particular security, asset, or market is experiencing an upward trend or gain in value. It can also be used to describe a bullish market or a period of sustained growth and positive performance. An ascendant market or asset is one that is on the rise and showing promising potential for future returns. This term is often used by investors, analysts, and financial professionals to describe the current state of a particular investment or market and to make predictions about its future trajectory. Overall, an ascendant financial asset or market is one that is seen as having a strong upward momentum and is expected to continue to perform well in the near future.