Coinbase Purchases Solana Trading Platform Vector.fun in Its Ninth Acquisition of a Busy M&A Year
Acquisition of Vector.fun: Coinbase has agreed to acquire Vector.fun, a Solana-based decentralized exchange focused on memecoin trading, as part of its strategy to expand decentralized trading capabilities across multiple blockchains.
Launch of Crypto-Backed Loans: On November 20, Coinbase launched a new crypto-backed lending product allowing users to borrow USDC against Bitcoin and Ethereum holdings without selling their assets, utilizing the Morpho protocol for quick transactions.
Record M&A Activity: The acquisition of Vector.fun marks Coinbase's ninth acquisition in 2025, reflecting a significant increase in merger and acquisition activity as the company aims to build an "everything exchange."
Integration and Future Plans: Coinbase plans to integrate Vector.fun's technology into its existing infrastructure while discontinuing its trading applications, and will retain all 13 employees from Vector.fun to support this integration.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 17.588 | 42.544 | 69.208 | 94.164 | 120.828 | 145.784 | 172.448 |
| Fibonacci | 42.544 | 62.263 | 74.445 | 94.164 | 113.883 | 126.065 | 145.784 |
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