Coinbase Acquires Solana-Based Social Trading Platform Vector

Coinbase Acquires Vector:

Coinbase announced plans to acquire Vector, a Solana-based trading platform.
Vector's technology will be integrated into Coinbase's trading stack for enhanced on-chain market access.
This move supports Coinbase’s 2025 strategy to broaden service offerings.
Vector’s team will join Coinbase, contributing to improved execution speed and liquidity in its DEX interface.
Vector's existing applications will be phased out during the integration.
The Tensor Foundation remains independent from Coinbase.
The acquisition is expected to finalize by year-end, pending standard conditions.

Solana Market Update:

Despite Coinbase's acquisition news, Solana faced significant selling pressure, dropping 9% alongside other altcoins like ETH and XRP.
Derivatives metrics showed stress; SOL trading volume increased by 46%, while open interest decreased by 9%.
The long-to-short ratio fell to 0.91, indicating bearish sentiment.

Solana derivatives market analysis | Source: Coinglass

Solana Price Technical Analysis:

Solana's price hit $124.51, positioned at the lower boundary of a falling wedge pattern.
Key moving averages (SMA 5: $143.58, SMA 8: $135.26, SMA 13: $133.32) are above current prices, indicating resistance.
The MACD line at –14.53 below the signal line suggests ongoing bearish momentum.
A bullish breakout could push SOL to $220, though a 29.12% upside is projected if it surpasses $160.
Failure to maintain the $124 level may lead to further losses toward $110.

Solana (SOL) Technical Price Analysis | Nov. 21, 2025