During the past two weeks both Peercoin and Namecoin have paused their rallies. We haven’t reversed course yet as both altcoins are waiting for the next move.
Peercoin Still in Uptrend
Peercoin prices are technically still in an uptrend. But the momentum to the upside is almost completely gone as PPC/USD hasn’t made a new high in almost one month (since January 17th). To renew it, the bulls have to push PPC above this month’s high at $0.305. Read more: https://blog.fxopen.com/peercoin-namecoin-wait-for-next-move/