SoFi Bulls Defend Crucial Support Near $15.2 – Retail Eyes Breakout Above This Level

• SOFI recently rebounded from a crucial support zone, a breakdown below which could have sent shares tumbling to their lowest levels since June 2025.
• SOFI stock is set to test its 100-DMA for the first time in more than five months.
• The company rolled out its first Stablecoin earlier this week.

SoFi Technologies Inc. (SOFI) sprang back into focus on Friday, with shares surging nearly 12% in pre-market trading as investors closely watched whether the fintech stock could break above the key near-term resistance level around $19.6.

SOFI bulls stood their ground after the stock rebounded from a crucial support zone, a breakdown below which could have sent shares tumbling to their lowest levels since June 2025.

The stock is set to test its 100-day moving average (100-DMA) since January and is also on track to record its best week in over a month.

Source: TradingView

Retail’s Take On SOFI

Retail sentiment surrounding SOFI turned ‘extremely bullish’ from ‘neutral’ a day earlier, as traders eyed a ‘gap fill’ on the back of the rebound.

One user noted that a close above the gap zone between $18.31 and $18.36 could trigger “multiple massive move days” for the stock.

Another retail investor wondered if SOFI could reclaim $20 amid the stock’s strong pre-market rally.

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A user noted that the momentum has turned positive and the stock is “gaining steam.”

SoFi Technologies' shares fell sharply on April 29 following its quarterly earnings report. It had closed at $18.36 in the previous session.

The company posted record quarterly revenue that beat Wall Street’s estimates, but weak technology platform sales and an unchanged 2026 outlook kept investors cautious.

SOFI’s Stablecoin Boost

On Wednesday, SoFi Technologies introduced SoFiUSD, which it called the first stablecoin issued by a U.S. national bank. The stablecoin is backed 1:1 by U.S. dollars and runs on both Ethereum and Solana.

SoFi said future phases will include interest-bearing tokenized deposits, cross-border payments, and integration with crypto exchange Bullish. The stock gained more than 6% since the announcement was made as of Thursday’s close.

However, it has shed more than 36% of its value so far this year.

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