SoFi is falling today: what traders are watching

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SoFi Slides 8.35% Today to $27.13

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Jainam Mehta

05.12.2025

SoFi is falling today: what traders are watching — SoFi Slides 8.35% Today to $27.13

SoFi Technologies, Inc. (SOFI) is currently trading at $27.13, marking a daily move of -$2.47 or -8.35%. The asset sits below both its MA-20 ($28.33) and MA-50 ($28.20) levels but remains well above the MA-200 at $20.00, suggesting short- and medium-term weakness against a still-bullish long-term trend.

SOFI price prediction

24H 0.23%

$17.19

48H -0.12%

$17.13

7D 0.17%

$17.18

1M -1.05%

$16.97

3M 53.7%

$26.36

6M 121.87%

$38.05

12M 19.13%

$20.43

Detailed

Current price: $ 17.15 0.4700 2.82%

Closed 06/04

Daily range 16.87

17.23

Weekly range 16.58

18.80

Highlights

SoFi raised approximately $1.5 billion through a public offering of about 54.5 million shares priced at $27.50 each to strengthen its capital position.
Underwriters have an option to purchase an additional 15% of the offered SoFi shares, potentially increasing total capital raised further.
SoFi reported strong earnings, record user growth, and announced a strategic expansion into digital assets and blockchain technology.

Equity offering and user growth drive capital influx and sector expansion

SoFi announced a public offering of approximately 54.5 million shares at $27.50 each, raising about $1.5 billion to strengthen its capital position and support ongoing growth initiatives. The underwriters also have the option to purchase an additional 15% of the shares. In addition, the company reported strong earnings, record user growth, and a strategic expansion into digital assets and blockchain technology.

Anton Kharitonov, expert at Traders Union, sees short-term weakness dominating SoFi. He highlights selling pressure under both MA-20 and MA-50. The sizeable offering signals cash needs, which could dilute existing shareholders. Kharitonov remains skeptical despite strong earnings and user growth. He thinks bullish sentiment may be overextended as technicals turn mixed. "Caution is warranted until the $28.20 resistance is regained and momentum indicators turn more supportive," he warns.

Viktoras Karapetjanc, expert at Traders Union, believes SoFi’s structure remains bullish even after today’s pullback. He sees opportunity in the public offering, as it strengthens the balance sheet and backs future expansion. Ongoing momentum from user growth and digital asset initiatives supports further upside. He views the long-term trend as robust above the MA-200. "With positive earnings and capital injection, I expect further growth, especially on a break above $28.20," he states.

Parshwa Turakhiya, analyst, notes high volatility is defining short-term action in SoFi. He sees mixed signals — with daily RSI firm but Stochastic RSI and BBP pointing to overbought levels. Sentiment likely shifted after the gap-down, making support at $26.78 crucial. He suggests waiting for a clean breakout to confirm direction. "Traders should watch the $28.20-$26.78 band for quick setups, as momentum can shift rapidly," Turakhiya advises.

Technical resistance limits gains as momentum signals diverge after selloff

SOFI's price action shows consolidation below the MA-20 and MA-50, with pronounced short- to medium-term selling pressure, while the long-term outlook remains constructive above the MA-200 at $20.00. Key technical support is seen at the Ichimoku Kijun near $28.14, and resistance lies around MA-50 or the $28.00–$28.20 zone. Momentum indicators provide mixed signals: MACD and ADX are neutral, daily RSI is moderately bullish, but Stoch RSI and BBP suggest overbought conditions, reflecting recent buying ahead of the current pullback. The Awesome Oscillator points to a fading uptrend, and high volatility dominates after today's gap-down, with a notable loss and price trading near session lows.

Previously it was reported that SoFi was maintaining a strong bullish trend, trading well above its key moving averages with momentum readings indicating robust support and moderate bullish signals as well as overbought conditions. Immediate dynamic support was identified near the Ichimoku Kijun and resistance close to $30.00, while technical divergence with a low ADX and negative MACD suggested caution despite strong buyer dominance intraday and a high probability for further short-term upside within the current volatility band.

Source of Data: SOFI Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.