Both Peercoin and Namecoin are trading barely changed since our update last week. Peercoin is down by only 0.6 cents, that’s just 1.5%. Meanwhile NMC declined by 1/5 of a cent, or only 0.5 in percentage terms.
Peercoin Still Trading in Tight Range
Alternative cryptocurrency Peercoin is still stuck in a tight 3 cents range. The high of this congestion area stands at $0.393 while the low is at $0.363. The low has been moved by 0.2 of a cent after brief foray lower on October 3rd. This shows the importance of having a buffer above and below the current range. False breakouts are plentiful in this type of market environment.
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