#TradersLeague & Cardano (ADA): What Traders Should Watch**
The **Traders League**—whether a crypto trading community, competition, or analysis group—should keep a close eye on **Cardano (ADA)** as it undergoes major upgrades. Here’s what traders need to know:
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### **1. Key Catalysts for ADA Price Action**
✅ **Chang Hard Fork (Voltaire Governance)** – Expected **Q3 2024**
- Will introduce **on-chain voting & treasury control** by ADA holders.
- Bullish if adoption increases post-decentralization.
✅ **Hydra Scaling (Layer-2 Solution)** – Now live, but adoption growing
- Aims for **1M+ TPS**—critical for DeFi & dApp growth.
- Watch for major dApps migrating to Hydra.
✅ **Midnight Privacy Sidechain (Testnet Coming Soon)**
- Could attract **institutional & regulatory interest** with confidential smart contracts.
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### **2. Trading Signals to Monitor**
📈 **Breakout Levels:**
- **Support:** $0.40 (strong hold)
- **Resistance:** $0.50 → $0.55 (next target)
- A close above $0.60 could signal a new uptrend.
📉 **Bearish
