SoFi sees a dip — What is pressuring the stock

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Sofi slides 2.20% today to $18.86

Highlights

SoFi launched blockchain-enabled cross-border payments via the Bitcoin Lightning Network and introduced SoFiUSD stablecoin to capture remittance flows and diversify revenue amid adoption uncertainty.
Vanguard Group Inc. increased its stake in SoFi by 6.8% in Q3, while company disclosures flagged elevated credit risk from a growing home equity loan portfolio in volatile rate conditions.
Technically, SOFI trades at $18.86—well below its MA-20 ($22.01), MA-50 ($24.92), and MA-200 ($23.23)—with indicators signaling over 80% probability of continued decline toward $18.03 support.

Blockchain and stablecoin ventures expand reach amid credit risk concerns

SoFi has introduced blockchain-enabled cross-border payment services using the Bitcoin Lightning Network and launched its own stablecoin, SoFiUSD, aimed at streamlining international money transfers and reducing costs. These efforts seek to broaden the company’s reach in the remittance space and diversify earnings beyond lending and digital banking, depending on customer adoption. Regulatory filings also indicate that Vanguard Group Inc. increased its position in SoFi shares by 6.8% in the third quarter, while the company reported elevated credit risk tied to a growing home equity loan portfolio during volatile interest rate conditions.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness in SOFI after the recent slide below all key moving averages. He highlights that oversold readings from the RSI and CCI do little to shift the bearish outlook, as momentum remains firmly negative. The analyst also flags fundamental risks tied to elevated credit risk in the home equity portfolio and questions the immediate impact of new blockchain payment initiatives. He believes that, despite Vanguard increasing its stake, broad market confidence is muted and intraday sellers continue to dominate. "Without a decisive recovery above $23.15, I see SOFI remaining under pressure, with further declines likely and no strong bullish catalysts in play."

Viktoras Karapetjanc, expert at Traders Union, is constructive on SOFI's forward prospects. He sees SoFi's entry into blockchain-enabled international payments and the launch of SoFiUSD as a strategic opportunity to expand its user base and revenue sources. The analyst notes increased institutional interest, with Vanguard raising its stake, which signals confidence in SoFi's growth story. He believes these initiatives support a bullish structure over the long run despite technical weakness. "I expect adoption of SoFiUSD and cross-border services to unlock further growth, supporting higher valuations down the line."

Dynamic resistance strengthens as momentum signals oversold conditions

SOFI is trading well below its MA-20 ($22.01), MA-50 ($24.92), and MA-200 ($23.23), indicating strong bearish pressure across short-, medium-, and long-term trends. The nearest dynamic resistance is at the Ichimoku kijun level of $23.15, with no immediate dynamic support from major moving averages. Momentum indicators confirm a weakening trend, as both MACD and ADX point to ongoing selling pressure. RSI (28.82), Stoch RSI on the higher timeframe (oversold), and CCI (–89.48) all reflect an oversold environment, though Stoch RSI D1 is neutral, with a minor divergence present among oscillators. BBP suggests sellers dominate intraday movement, supported by the Awesome Oscillator’s bearish signal.

Previously it was reported that SoFi Technologies, Inc. remains under strong downward pressure, with the stock trading well below its short-, medium-, and long-term moving averages and key indicators such as MACD, ADX, and RSI confirming persistent bearish momentum and oversold conditions. Nearest resistance stands at the Kijun line near $23.19, with little immediate support from technical indicators, and overall momentum remains negative despite some diverging neutral oscillator signals.

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

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