📈 Analysis and Prediction (MKR, TOMO and APE):

💔 MKR/USDT - Since June, #mkr has been rising within an ascending wedge pattern. This allowed the price to reach a new annual high on October 24th at $1,651. Since then, the price has experienced a decline. The ascending wedge is considered a bearish pattern, often leading to bearish breakouts. This was the case for MKR, which broke out of the pattern on October 30th. If the decline continues, the price may drop by 25% and reach the horizontal support area at $1,000.

💰 TOMO/USDT - TOMO's price has been decreasing since reaching its annual high of $2.55 in May. The subsequent decline formed a very long upper wick and pushed the price below the horizontal resistance area at $1.75. Last week, #tomo made an unsuccessful attempt to break through the resistance area at $1.75. However, this only confirmed the resistance area and bearish divergence on the weekly RSI indicator. If the decline continues, TOMO may drop another 30% to the nearest horizontal support area at $0.95.

🦍 APE/USDT - ApeCoin is the native token of Yuga Labs' Ape ecosystem, which includes one of the most popular #nft collections, the Bored Ape Yacht Club. The price of #ape has been rapidly rising since breaking a long-term descending resistance line on October 13th. This upward movement led to a new yearly high at $1.49 yesterday. Despite the growth, the price may be approaching a local peak, according to the most likely analysis based on Elliott Wave Theory. The most probable scenario suggests that APE is in the fifth and final wave of the current growth. If this is the case, the price may reach a local peak around $1.55. After that, a 13% drop to the nearest support at $1.30 is possible.

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