Both Peercoin and Namecoin tested the important support levels noted in our previous article. The bears were unable to take prices lower and the altcoins have since bounced back somewhat. Still, both of them are down since last Thursday. The rejection at the lows was largely helped by big brother bitcoin rallying $13 dollars to $450 during the past two days.
Peercoin Rally Ends
Peercoin bounced at the $0.40 level after a sizable move higher since Tuesday. The initial move lower took PPC/USD to $0.391 but from here we moved back up to $0.417 dollars per coin.
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