Can SoFi stock hold $15.27 support as seller pressure builds?

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SoFi drops 3.23% to $16.03 today

Highlights

SoFi Technologies and Mastercard enabled SoFiUSD settlement on Mastercard's global payment network, expanding SoFi Bank's card transaction capabilities with a new U.S. dollar-pegged, cash-backed transaction layer.
This development broadens the payments infrastructure for SoFi's debit and credit card products, increasing utility and reach for users.
Shares of SoFi trade under persistent bearish pressure with technical indicators negative and a forecast range of $15.27 to $16.79, with further declines much more likely than a rebound.

Payment network expansion as price lags on persistent selling

On September 22, 2026, SoFi Technologies and Mastercard launched SoFiUSD settlement on Mastercard’s global payment network for SoFi Bank’s debit and credit card transactions, as reported by Kucoin. This development increases the utility and reach of SoFi’s card offerings, providing a new transaction layer pegged 1:1 to the U.S. dollar and fully backed by cash reserves. While the move expands SoFi’s payments infrastructure and could enhance transactional flows in the long run, price action has remained under broader selling pressure.

Downtrend persists as moving averages and MACD reinforce seller bias

On the technical front, SOFI is trading below the MA-20 and MA-50 on the hourly timeframe, and also remains beneath the MA-200 on the daily chart. The Ichimoku Kijun currently stands at $16.75, defining immediate resistance. Momentum indicators provide mixed signals: MACD signals a strong sell, while ADX, Stochastic RSI, CCI, and Awesome Oscillator remain neutral; RSI is at 42.21, indicating mild sell pressure without oversold conditions. Bull/Bear Power points to continued seller dominance in the present session.

Further downside risk heightened as critical support nears

In the short term, SOFI is expected to trade within a volatility band of $15.27 to $16.79 over the next 2–3 sessions. The probability of a further decline remains very high, with limited prospects for a near-term rebound. If support at $15.27 is breached, the downward trend is likely to accelerate, whereas a move above $16.75 could indicate a corrective, but likely brief, upward retracement.

Viktoras Karapetjanc, Traders Union expert, notes that the SoFiUSD launch marks clear progress in product infrastructure and institutional engagement. He sees improving fundamentals thanks to the Mastercard integration, but observes that sentiment is still constrained by technical weakness and seller pressure. Constructive momentum could return if support at $15.27 holds and broad selling abates. "I remain positive on SoFi’s long-term, provided the company continues to strengthen its payments foundation and capitalizes on user growth opportunities."

Earlier, analysts noted that wider fintech adoption and the automation of cash management could amplify pressure on traditional banks as consumers seek higher yields via platforms like SoFi. The current technical landscape reinforces downside risk, and traders should closely monitor the $15.27 level as a decisive threshold for further weakness.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.