Both Peercoin and Namecoin are slowly drifting lower. Peercoin is down by 4.9 percent compared to last Thursday. The losses were much larger for NMC however, this coin is trading lower by 17 percent.
Bumpy Road for Peercoin
The bumpy rally continues for Peercoin. In the past week prices topped out at the 57 cents level and have been under pressure since. We noted this figure as a potential strong resistance in our previous articles. Above here we find resistance at the $0.616 swing high, followed by $0.932 and the parity level at $1 dollar. Because we have a large gap from $0.616 to $0.932, resistance levels are likely to emerge in between, potential candidates are the round levels at $0.70, $0.80 and $0.90 dollars per coin.
Read More https://blog.fxopen.com/namecoin-peercoin-drift-lower/