The general consolidation in the crypto-market is still ongoing. But while BTC is making tentative gains, both Peercoin and Namecoin are drifting lower and testing important support levels. Let’s start with PPC and we’ll get back to Namecoin later on.
Peercoin Testing Support
Peercoin is still testing the important support level near $0.447 dollars per coin. In the past seven days PPC/USD hit a low of $0.444 dollars but that’s where the small losses ended.On the chart below we can see how the bears have been constantly attacking this support area during the past few weeks.
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