Bitcoin, SOL, XMR, LDO, and AAVE may surprise to the upside if the CPI print is favorable.
) broke out of the falling wedge pattern on Jan. 5 and buyers have managed to sustain the price above the breakout level for three days. This indicates a potential trend change.The moving averages have turned up and the RSI is in the positive territory, signaling that buyers have the upper hand. There is a minor resistance at $162 and then again at $167 but both these levels are likely to be crossed.
If the price turns up from the current level, it will suggest that lower levels are attracting buyers. The pair could then once again rise to the overhead resistance at $160. If this resistance is scaled, the up-move could resume.Lido DAO broke out of the downtrend line on Jan. 1 and made a sharp move higher. This suggests the downtrend may have ended.
The 20-EMA has acted as a strong support during pullbacks, hence this remains an important level to keep an eye on in the near term. If this support cracks, the pair could slide to the 50-SMA.Buyers successfully defended the psychological support near $50 and are trying to form a double bottom pattern. This is the reason for selecting Aave .The bounce off the strong support at $50 has reached the 50-day SMA .
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