SoFi short squeeze momentum points to another leg higherSoFi Technologies IncBATS:SOFICrowdWisdomTradingCurrent Price: 18.22 Direction: LONG Confidence level: 62%(Professional traders discussed short squeeze continuation and support holding, while X sentiment shows significantly more bullish than bearish posts. However, technical levels mentioned in snippets were below current price, reducing clarity.) Targets Target 1: 19.20 Target 2: 20.10 Stop Levels Stop 1: 17.40 Stop 2: 16.90 Wisdom of Professional Traders: This analysis synthesizes insights from thousands of professional traders and market experts, combining trader commentary with real‑time social sentiment. The collective wisdom of traders helps highlight where momentum is building and where key levels could trigger the next move in SoFi Technologies. Key Insights: Here’s what’s driving this setup right now. Several professional traders pointed out that SoFi has been part of a group of fintech names experiencing active short squeezes. That matters because squeeze-driven moves tend to extend longer than people expect when short sellers are forced to cover. Another thing traders are watching is support holding during volatility. Multiple traders highlighted the importance of SoFi maintaining key levels during recent market swings. When a stock holds support while speculative interest is rising, it often leads to continuation moves rather than immediate reversals. What also stands out is the options activity and retail momentum building around fintech again. Social chatter shows far more bullish posts than bearish ones, and when that aligns with technical momentum it usually creates short‑term upside pressure. Recent Performance: You can see this dynamic in the price action. SoFi recently jumped more than 7% in a strong move, pushing the stock to $18.22 and extending the rally from earlier lows. The move followed renewed enthusiasm across fintech stocks and came alongside unusually strong call‑option activity. Interestingly, older technical levels mentioned by traders around $15.50 support and $15.75 resistance have already been cleared. When former resistance levels get broken and price holds above them, they often become confirmation that the trend is strengthening. Expert Analysis: Traders focusing on momentum highlighted the short‑squeeze potential across names like SoFi and Robinhood. Several traders specifically noted that if the squeeze continues early in the week, these stocks could extend higher quickly because short positioning unwinds fast. Another theme from the trading community is active scalping and short‑term trading interest in SoFi. That kind of activity usually increases volatility but also keeps liquidity high, which supports continuation rallies when buyers step in. From a technical perspective, holding above the recent breakout zone while momentum stays strong suggests the next upside test could come quickly if buyers keep control. News Impact: Recent developments are adding fuel here. SoFi launched a native stablecoin feature for its banking customers, expanding its fintech ecosystem and giving the company exposure to the growing crypto‑finance segment. At the same time, institutional activity has appeared with funds acquiring shares, while analysts continue highlighting SoFi’s growing user base and product ecosystem. Add in heavy call buying and the narrative becomes clear: the market is betting on further upside in the near term. Trading Recommendation: Here’s my take. The combination of short‑squeeze momentum, bullish retail sentiment, and strong fintech enthusiasm creates a solid short‑term LONG setup for this week. I’d look for continuation toward $19.20 as the first target. If momentum persists and buyers push through that level, the move could extend toward $20.10 quickly. On the risk side, a break below $17.40 would signal fading momentum, with $16.90 acting as the hard stop where the bullish setup likely fails. This is a momentum trade driven by squeeze dynamics and sentiment. As long as buyers keep pressure on shorts, the path of least resistance remains higher this week.