SoFi Technologies price jumps — what’s behind today’s move
SoFi Technologies, Inc. (SOFI) is trading at $26.80 after a strong upward move of $1.61 (6.37%) today. The price sits below both the MA-20 ($28.84) and MA-50 ($28.12), indicating prevailing short- and medium-term selling pressure, while remaining well above the MA-200 ($19.46) and showing a sustained long-term uptrend.
Highlights
- SoFi Technologies reported record adjusted net revenue of $950 million for Q3 2025, marking a 38% year-over-year increase.
- Technology-platform revenue grew 12% to $114.6 million, aided by new in-app cryptocurrency trading and major partnerships via Galileo with Southwest Airlines and Wyndham Hotels & Resorts.
- Institutional participation rose in Q2 2025 with 47 hedge funds initiating positions and over 500 institutions increasing holdings, despite DNB Asset Management AS trimming its stake by 2.4%.
Record revenue and new partnerships drive institutional inflows
SoFi Technologies reported record adjusted net revenue of $950 million for the third quarter of 2025, up 38% year-over-year, supported by a 12% rise in tech-platform revenue to $114.6 million. The company expanded into digital assets with the launch of in-app cryptocurrency trading and secured new major partnerships through its Galileo subsidiary with Southwest Airlines and Wyndham Hotels & Resorts. Institutional activity increased in Q2 2025, with 47 hedge funds taking positions and over 500 institutions adding to their holdings, while DNB Asset Management AS trimmed its stake by 2.4%.
Mixed momentum signals as price nears resistance in volatile trade
Momentum remains mixed on daily charts, with MACD signaling weakness and ADX suggesting only a modest trend. Oscillators flag oversold conditions (RSI 40.55, CCI –166.13, Stoch RSI 4.99), while BBP confirms sellers still dominate intraday. The current price sits near the upper end of today’s range, indicating high volatility with strength toward the highs. Several momentum and oscillator indicators conflict, showing caution is warranted: intraday outperformance stands out but is not fully confirmed by underlying daily momentum signals. Nearest dynamic resistance is at $28.14 (Ichimoku Kijun) and support is around $25.52 (MA-100).
Last time we reported that momentum indicators were mixed, suggesting a period of volatility and rangebound trading. Previously, it was noted that the price has since dropped sharply, indicating high volatility and persistent pressure.
- Forex
- Crypto