3 Altcoins to Watch in the First Week of July
GWEI, VELVET, and DEXE rank amongst 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 close to 40%.
Each token reveals a clear technical setup heading into July. Breakout constructions, defended help ranges, and momentum alerts level to doable continuation. Still, stretched indicators warn that volatility may lower each methods.
GWEI Price Eyes $0.24 After Breaking Two Key Levels
ETHGas (GWEI) trades close to $0.21 after a pointy transfer greater. The token climbed roughly 50% over the previous 24 hours.
On the each day chart, GWEI traits greater inside a broadening, or megaphone, sample. Price lately cleared two vital ranges.
The $0.10 and $0.16 zones now act as help after serving as resistance. That flip strengthens the bullish construction.
GWEI now targets the higher band of the sample close to $0.24. A each day shut again beneath $0.16 would weaken the case.
The Relative Strength Index (RSI) has pushed again above 70 into bullish territory. The transfer additionally tries to negate a growing bearish divergence. GWEI joins different altcoins drawing dealer consideration this summer season.
VELVET Price Holds $0.60 Support Below $2 Resistance
Velvet (VELVET) trades close to $1.67 after a strong run. The token added about 275% over the previous seven days.
The each day chart reveals two sturdy enlargement strikes to greater costs. Resistance now sits slightly below $2.00.
VELVET printed an all-time high close to $2.07 this week earlier than easing again. The $2 space now caps additional upside.
A brand new help has fashioned at $0.60. That stage acted as resistance between June 13 and June 25.
The RSI reveals a primary signal of bearish divergence. However, the indicator stays in bullish territory for now. VELVET stays amongst the week’s high gainers.
Altcoins to Watch: DEXE Price Targets $30 After Cup-and-Handle Breakout
DeXe (DEXE) trades close to $21.78 and reveals the most mature setup right here. The token gained about 40% over the previous seven days.
On the weekly chart, DEXE broke out of a cup-and-handle formation (purple). Price now follows the sample’s projected path greater.
DEXE is attempting to shut above the resistance close to $24, its highest stage in years. A weekly shut above it will verify energy.
The first goal sits close to $30, which aligns with the 1.272 Fibonacci extension. A second goal sits close to $38 at the 1.618 extension.
Volume has been contracting throughout the transfer. That sample typically alerts exhaustion earlier than a recent volatility enlargement. DEXE lately exploded 70% in a brief squeeze, and earlier analysis flagged constructing positioning.
All three altcoins present breakout momentum heading into July. Still, stretched indicators and skinny quantity imply merchants ought to weigh the threat of sharp reversals.
The put up 3 Altcoins to Watch in the First Week of July appeared first on BeInCrypto.
