In our previous article we hypothesized that both Peercoin and Namecoin are in rally mode. Shortly after that article however we got a sharp correction in prices, which briefly broke below some important support levels (more on this below).
Peercoin Resumes Uptrend
The last two weeks saw a lot of volatility in PPC prices. First we fell to a low of $0.211 on January 7th, briefly breaking below the $0.223 level identified last week as a potential trend ender. But the break wasn’t decisive and if you take a look at the daily chart you can see that prices never closed below this level. Furthermore the duration of the trip below $0.223 was short, lasting only a few hours.
Read more: https://blog.fxopen.com/peercoin-namecoin-resume-uptrends-after-hiccup/