$ADA is crashing massively as technical issues with Vasil hard fork cause panic among investors
community that is not used to such high downwards volatility of the coin. The reason is most likely a technical issue on the network.
At press time, ADA has returned to the level of July 26, trading at around $0.46 per coin and losing over 10% of its value in the last 24 hours. Such a strong drop makes Cardano highly unattractive from a technical analysis standpoint as the coin fell below the local uptrend support and is now reaching toward the local bottom.
The issue with the potential Vasil upgrade is the main fuel of the current reversal on the market and may lead to irreparable consequences for ADA.
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