Solana Price Plummets Despite BSOL ETF Debut

Despite the launch of Bitwise’s new BSOL ETF, Solana (SOL) has seen a sharp price drop. Traders are left wondering why this momentum-boosting event didn’t translate into higher prices. Analysis explores why SOL fell and key support levels to watch as the market reacts. Learn how a key technical pattern contributed to the decline, the impact of the BSOL ETF, and whether it can help stabilize the price or lead to further losses.