Cardano's ADA is showing signs of recovery as it trades near the $0.80 support level, indicating a potential rebound from oversold conditions. The optimism is fueled by Project Catalyst, which has allocated $18.2 million to over 1,600 community-driven proposals. Voting for these proposals is open until October 6, providing a significant boost to community engagement and development. Technical analysis suggests that if buyers can defend the key $0.80 support level, ADA could potentially move towards the $1.14 mark. This development comes as the Cardano community looks to leverage the new funding to drive innovation and growth within the ecosystem.