TL;DR:
- The GWEI token recorded a 50% increase in the last 24 hours, trading near $0.21.
- VELVET accumulated a 275% surge over the last seven days, touching an all-time high of $2.07.
- DEXE accumulated a gain near 40% weekly after completing a cup-and-handle pattern.
Just days away from the start of July, the digital asset market is experiencing a significant increase in altcoin trading volume. In this context, 3 altcoins to watch closely stand out due to their recent technical breakouts and the strength of their support levels built up over recent days.
Technical structures and price projections
We begin this top list with the ETHGas (GWEI) token. It is sitting in the $0.21 zone after experiencing a vertical upward move. The daily price action shows that the asset is moving within an expanding megaphone pattern.
The old resistance levels set at $0.10 and $0.16 now act as operational supports. Market data indicates that maintaining this bullish structure suggests the price could target the upper band of the technical pattern, estimated around $0.24.
The Relative Strength Index (RSI) crossed above the 70-point threshold on the daily chart. This technical metric reflects buying momentum looking to invalidate previous bearish divergence signals.
Velvet and DeXe consolidate weekly breakouts
For its part, Velvet (VELVET) trades around $1.67 after correcting slightly from its all-time high of $2.07 reached at the end of June. The daily timeframe chart shows two successive expansion moves.
A solid support zone has been established at the $0.60 level, a range that functioned as resistance between June 13 and June 25. Indicator readings suggest that while the RSI shows the first signs of a bearish divergence, the oscillator still remains within territory controlled by buyers.
Finally, we have the token displaying one of the most mature technical setups in this group: DeXe (DEXE), with a price hovering around $21.78. The cryptocurrency accumulated a 40% advance over the past week.
Weekly chart analysis shows that DEXE completed a breakout from a cup-and-handle formation. The platform’s technical projections suggest that a weekly close above the $24 resistance could validate a continuation of the move toward $30, a level that aligns with the 1.272 Fibonacci extension. The second long-term technical target sits at $38.
DEXE’s trading volume shows a progressive contraction during the formation of the latest leg. This behavior in liquidity typically anticipates a distribution phase or a new expansion of short-term volatility.
The market will keep its focus on the monthly candle close to confirm whether these assets sustain their respective trends during the first days of July.
