While we see lots of volatility in Ether and its newly created offshoot ETC, the rest of the crypto market is fairly calm. As we reported two days ago, Bitcoin is being dragged up/down by ETH volatility. But this has been a non-directional affair with prices bouncing between $640 and $656, a range of just over 2 percent. This is a relatively low range for a cryptocurrency. This week, both Peercoin and Namecoin are back in range after their uptrends failed yet again.
Peercoin Uptrend Over
The short-lived PPC uptrend is now over. While prices didn’t break the $0.376 support noted last week, the momentum has been completely lost. We’re now back in a neutral territory waiting for the next move.
Read More https://blog.fxopen.com/altcoins-back-in-range/