The post BSOL ETF fails to save Solana as SOL price crashes to $158 appeared on BitcoinEthereumNews.com. SOL price crashed to $158, despite the buzz around Bitwise’s staking ETF, and is now testing the lower bound of the $155–$165 historical demand zone. Will it rebound or head lower? Summary SOL broke down from a symmetrical triangle and lost key support at $178–$180, now testing the $155–$165 demand zone. Short-term volatility is high (4H BBWP spike), suggesting a possible relief bounce before the next move. However, daily BBWP at 65% indicates trend continuation potential. Bitwise’s BSOL ETF, with $400M AUM in its first week, remains a major catalyst for a potential upside reversal. SOL price technical analysis Solana (SOL) price has crashed to $158 after breaking down from a symmetrical triangle pattern — a typically neutral formation that often precedes sharp directional moves once market indecision resolves. The breakdown from the triangle also marked the loss of a strong support confluence around $178–$180, where a horizontal level, the 0.382 Fib, and the 21 EMA converged. This breach confirmed strong bearish momentum, with SOL price forming a lower low at $158. Price action now tests the lower bound of the major $155–$165 historical demand zone, an area that has repeatedly attracted strong buying interest in the past. The BBWP indicator, which measures volatility, has spiked toward extreme highs. This indicates that momentum remains strong, but as volatility peaks, the market may be approaching a short-term exhaustion point, where a temporary relief bounce or consolidation could occur before the next directional move. SOL price 4-hour chart | TradingView However, BBWP on the daily is 65%, not yet in the extreme zone. This suggests that after volatility reset on the 4H timeframe, the market could resume the prevailing trend, potentially leading to another big move in the same direction. The next key level to watch is $155, a major support area… The post BSOL ETF fails to save Solana as SOL price crashes to $158 appeared on BitcoinEthereumNews.com. SOL price crashed to $158, despite the buzz around Bitwise’s staking ETF, and is now testing the lower bound of the $155–$165 historical demand zone. Will it rebound or head lower? Summary SOL broke down from a symmetrical triangle and lost key support at $178–$180, now testing the $155–$165 demand zone. Short-term volatility is high (4H BBWP spike), suggesting a possible relief bounce before the next move. However, daily BBWP at 65% indicates trend continuation potential. Bitwise’s BSOL ETF, with $400M AUM in its first week, remains a major catalyst for a potential upside reversal. SOL price technical analysis Solana (SOL) price has crashed to $158 after breaking down from a symmetrical triangle pattern — a typically neutral formation that often precedes sharp directional moves once market indecision resolves. The breakdown from the triangle also marked the loss of a strong support confluence around $178–$180, where a horizontal level, the 0.382 Fib, and the 21 EMA converged. This breach confirmed strong bearish momentum, with SOL price forming a lower low at $158. Price action now tests the lower bound of the major $155–$165 historical demand zone, an area that has repeatedly attracted strong buying interest in the past. The BBWP indicator, which measures volatility, has spiked toward extreme highs. This indicates that momentum remains strong, but as volatility peaks, the market may be approaching a short-term exhaustion point, where a temporary relief bounce or consolidation could occur before the next directional move. SOL price 4-hour chart | TradingView However, BBWP on the daily is 65%, not yet in the extreme zone. This suggests that after volatility reset on the 4H timeframe, the market could resume the prevailing trend, potentially leading to another big move in the same direction. The next key level to watch is $155, a major support area…