Both Namecoin and Peercoin have settled back into their ranges. Peercoin is currently quoted at $0.387, below the 40 cents former breakout point, while NMC is at $0.397, also below its former breakout level at 41 cents. While both crypto-currencies are trading higher by about 4 percent since our last update, the overall picture remains undecided.
Peercoin Still Range-bound
Peercoin is has settled down below the former breakout level at $0.40. On the daily chart below we can see that the week-long rally faded as quickly as it appeared. The whole formation looks like a V-shaped reversal.
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