Flow (FLOW) and MANTRA (OM) are attracting the attention of analysts who suggest significant price movement based on current technical patterns.
Flow Forecast
Flow (FLOW) has been trading within a descending channel for several months, marked by consistent lower highs and lower lows. This pattern has defined a bearish trend. The lower trendline acts as dynamic support, where the price has repeatedly bounced, while the upper trendline serves as resistance, preventing any upward momentum. However, the current price action suggests that Flow may be on the verge of breaking above the upper trendline. If this occurs, it could trigger a rally toward the $1.00 level, a potential 145% increase from its current price of $0.5922. This projection is based on the height of the descending channel, which is commonly used to estimate potential targets following a breakout.
MANTRA Forecast
Another report highlights a bullish pennant breakout for MANTRA (OM). The chart for OM displays a descending wedge pattern, which is typically viewed as a bullish reversal signal. Within the wedge, the price action has been characterized by lower highs and stable lows, indicating a period of consolidation.
Technical pattern analysis for Flow and MANTRA suggests a possible end to bearish trends and the beginning of significant growth.
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