SoFi Technologies shares are climbing with conviction. Why are SOFI shares rallying?
What Is SoFiUSD and Its Impact on SOFI Stock?Critical Price Levels To Watch for SOFI StockAt $17.96, the stock is trading above its 20-day SMA ($16.53) and 50-day SMA ($16.86), but it's still trading below its 100-day SMA ($18.10) and well below its 200-day SMA ($22.81), which keeps the longer-term trend pressure in view. That "in-between" placement often produces choppy rallies that need quick follow-through to avoid rolling back over.Momentum looks more like consolidation than a breakout: RSI is 54.39, a neutral reading that suggests buying pressure isn't stretched and sellers aren't in control either. In plain English, RSI helps gauge whether a move is getting overdone, and this level points to a market still deciding direction after the May swing low and April swing high.The moving-average structure still carries baggage, with the 20-day SMA below the 50-day SMA (bearish) and the death cross from March (50-day SMA below the 200-day SMA) still acting as a longer-term headwind. From a "levels that matter" standpoint, bulls generally want to reclaim the 100-day area and then start compressing the gap to the 200-day to argue the downtrend is truly easing.
