by Coinstrooper Crypto Articles
Quick Take
  • GWEI, VELVET, and DEXE rank among the strongest altcoins to watch as the first week of July opens.
  • GWEI surged roughly 50% in 24 hours, VELVET added about 275% in seven days, and DEXE gained near 40%.
  • Each token shows a clean technical setup heading into July.
  • Breakout structures, defended support levels, and momentum signals point to possible continuation.

What Happened

GWEI, VELVET, and DEXE rank among the strongest altcoins to watch as the first week of July opens. GWEI surged roughly 50% in 24 hours, VELVET added about 275% in seven days, and DEXE gained near 40%.

ETHGas (GWEI) trades near $0.21 after a sharp move higher. The token climbed roughly 50% over the past 24 hours.

The $0.10 and $0.16 zones now act as support after serving as resistance. That flip strengthens the bullish structure.

Market Context

Each token shows a clean technical setup heading into July. Breakout structures, defended support levels, and momentum signals point to possible continuation. Still, stretched indicators warn that volatility could cut both ways.

GWEI Price Eyes $0.24 After Breaking Two Key Levels

On the daily chart, GWEI trends higher inside a broadening, or megaphone, pattern. Price recently cleared two important levels.

VELVET Price Holds $0.60 Support Below $2 Resistance

The daily chart shows two strong expansion moves to higher prices. Resistance now sits just below $2.00.

VELVET printed an all-time high near $2.07 this week before easing back. The $2 area now caps further upside.

Altcoins to Watch: DEXE Price Targets $30 After Cup-and-Handle Breakout

On the weekly chart, DEXE broke out of a cup-and-handle formation (purple). Price now follows the pattern’s projected path higher.

Volume has been contracting during the move. That pattern often signals exhaustion before a fresh volatility expansion. DEXE recently exploded 70% in a short squeeze, and earlier analysis flagged building positioning.

All three altcoins show breakout momentum heading into July. Still, stretched indicators and thin volume mean traders should weigh the risk of sharp reversals.

Why It Matters

GWEI now targets the upper band of the pattern near $0.24. A daily close back below $0.16 would weaken the case.

The Relative Strength Index (RSI) has pushed back above 70 into bullish territory. The move also tries to negate a developing bearish divergence. GWEI joins other altcoins drawing trader attention this summer.

Details

Velvet (VELVET) trades near $1.67 after a strong run. The token added about 275% over the past seven days.

A new support has formed at $0.60. That level acted as resistance between June 13 and June 25.

The RSI shows a first sign of bearish divergence. However, the indicator remains in bullish territory for now. VELVET stays among the week’s top gainers.

DeXe (DEXE) trades near $21.78 and shows the most mature setup here. The token gained about 40% over the past seven days.

DEXE is trying to close above the resistance near $24, its highest level in years. A weekly close above it would confirm strength.

The first target sits near $30, which aligns with the 1.272 Fibonacci extension. A second target sits near $38 at the 1.618 extension.

The post 3 Altcoins to Watch in the First Week of July appeared first on BeInCrypto.