SOFI Stock Corrects from Records, but Finds Support After SoFi Crypto Launch
The recent pullback of SoFi is seen less as a setback and more as a healthy pause in an otherwise strong uptrend.
Quick overview
- SoFi's recent stock pullback is seen as a healthy pause in a strong uptrend, with investor sentiment remaining optimistic.
- The company's robust Q3 earnings report has reinforced its transformation into a comprehensive financial ecosystem, exceeding expectations.
- SoFi's expansion into cryptocurrency trading positions it as a unique player in the market, offering integrated banking and crypto services.
- The recent price reset is viewed as a potential launchpad for further growth, as SoFi continues to innovate and expand its offerings.
The recent pullback of SoFi is seen less as a setback and more as a healthy pause in an otherwise strong uptrend.
Resilient Momentum Despite a Mild Pullback
Investor optimism surrounding SoFi Technologies (NASDAQ: SOFI) remains firmly intact despite the stock easing slightly after its record-breaking October. Far from dampening sentiment, the latest dip has been interpreted by many traders as an attractive entry point, especially as the decline has once again halted at a familiar support indicator that has historically drawn strong buyer interest.
Adding to the confidence, Gulf International Bank (UK) Ltd has initiated a new $1.5 million position, according to a recent SEC 13F filing — a vote of confidence that reinforces the long-term growth narrative.
Earnings Strength Reinforces the Fintech Growth Story
After navigating a turbulent September, SoFi closed out October with a surge catalyzed by a robust Q3 earnings report. The results not only exceeded expectations but reaffirmed the company’s transformation from a student loan refinancing startup into a fully integrated financial ecosystem.
Founded in 2011 by Stanford graduates, SoFi has expanded well beyond lending. Today, it operates as a modern digital bank offering a comprehensive suite of services — borrowing, investing, budgeting, saving, and now, cryptocurrency trading — all built to help members achieve financial independence. Its ability to scale these services seamlessly has been central to its expanding valuation and widening member base.
A Reset After an Extraordinary Rally
SoFi’s rally since April has been nothing short of remarkable, with shares climbing nearly 400% to reach $32.80 on Wednesday. That climb pushed the stock above its prior 2021 highs, marking a key psychological and technical milestone. Following such an intense upward move, today’s 12% pullback toward $28.20 looks more like a natural breather than a sign of fading momentum.
SOFI Chart Daily – Testing the 50 SMA Again
From a technical perspective, shares have returned to the 50-day Simple Moving Average, a support line that has continuously reinforced the stock’s overall uptrend since early spring. Many traders view the current level as a potential launchpad for a renewed push toward the next target at $40, especially given how consistently the 50-day SMA has attracted dip buyers throughout the year.
Crypto Expansion Signals Bold Strategic Vision
The timing of the pullback coincides with SoFi’s announcement of SoFi Crypto, positioning the company as the first nationally chartered U.S. bank to offer direct crypto trading within a traditional banking app. Members can trade major digital assets — including Bitcoin, Ethereum, and Solana — while keeping all their financial tools under one platform.
This makes SoFi the only FDIC-insured bank offering an integrated package of banking, investing, lending, and crypto services in one ecosystem. With regulatory conditions improving after updated guidance from the Office of the Comptroller of the Currency, the move opens new revenue channels and enhances user engagement.
Additional features under exploration, such as crypto-backed loans, staking, and even a potential proprietary stablecoin, highlight SoFi’s ambition to bridge traditional finance and blockchain technology.
Earnings Reveal an Expanding Profit Engine
- Q3 2025 Performance Snapshot
- Revenue: $961.6 million (+37.9% YoY)
- Beat Estimates by: 6.3%
- Pre-Tax Profit: $148.6 million (15.4% margin, +133% YoY)
- Adjusted EPS: $0.11 (33% above consensus)
- Market Cap: $35.9 billion
The quarter underscored SoFi’s disciplined execution and improving profitability. Expanding margins and sustained top-line growth solidify its reputation as one of the fastest-scaling digital banks in the U.S.
Global Expansion and a Strong Digital Edge
Complementing its U.S. growth, SoFi introduced self-service international transfers, simplifying global payments and offering a more efficient, user-friendly alternative to competing neobanks. This addition aligns with its mission to build a high-retention global financial ecosystem powered by automation, accessibility, and modern user experience.
By merging traditional banking infrastructure with cutting-edge digital tools, SoFi is positioning itself as a long-term winner in the rapidly evolving fintech landscape. The current price reset may simply be the next setup for another upward leg as the company continues to innovate and broaden its reach.
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