As described before, Tether fueled Bitcoin bull runs were not good for PPC-BTC ratio. Bitcoin bear markets is when this usually turns around and Peercoin regains ground. This turn-around could also break the multi-year downtrend in PPC-BTC.
Price is now over weekly EMA(100), it has retested it once and has bounce back up.
Next obvious target is 4500-5000 satoshi along that horizontal resistance. Beyond that, retest of May 2021 high between 8000 and 10000 satoshi.
Network hashrate is exploding as well:
pbs.twimg.com/media/FcmBvIvWQAEXmUC?format=png&name=small
Anyway, fun times for Peercoin bulls.
Price is now over weekly EMA(100), it has retested it once and has bounce back up.
Next obvious target is 4500-5000 satoshi along that horizontal resistance. Beyond that, retest of May 2021 high between 8000 and 10000 satoshi.
Network hashrate is exploding as well:
pbs.twimg.com/media/FcmBvIvWQAEXmUC?format=png&name=small
Anyway, fun times for Peercoin bulls.
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