Both Peercoin and Namecoin broke down in the past seven days, ending the prolonged range. Peercoin barreled through the support at $0.444 last Thursday, clocking more gains on Friday. The losses for NMC didn’t happen until two days later on Sunday. Both cryptos are currently trading substantially lower compared to one week ago.
Peercoin Breaks Down, Falls Over 7 Percent
Peercoin is trading down by 7.3 percent this week. As we noted above, although the break happened late on Thursday, the bulk of the losses transpired last Friday. Prices hit a low of $0.416 dollars that day before retracing somewhat. Since then we’ve hit a new multi-week low at $0.41 dollars but the pace of the losses has obviously slowed.
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