Cardano price broke below a crucial support level on August 15, confirming a bearish bias. This decline is significant as it saw bears conquer one of the three support levels initially in place to cushion ADA from a steep fall.
Amidst this bearish trend, the Cardano community has come together to enhance publicity efforts through an unofficial $650K catalyst initiative. This collective effort aims to potentially reverse the downward trend and support ADA's price.
The initiative highlights the community’s commitment to the network and their proactive measures to stabilize and possibly enhance Cardano's market performance.
