Top 3 Altcoins to Keep on Your Radar This July: GWEI, VELVET, and DEXE

As the first week of July kicks off, three altcoins are standing out from the crowd with impressive price action and compelling technical setups. GWEI, VELVET, and DEXE have each demonstrated notable strength, posting gains that have caught the attention of traders across the market. Here's a closer look at what's driving each token and where they might be headed next.

**GWEI: Breaking Resistance and Targeting $0.24**

ETHGas (GWEI) is currently trading around $0.21 following an explosive 24-hour rally of approximately 50%. The token's daily chart reveals a broadening megaphone formation, within which price has been trending upward steadily.

Two previously significant resistance zones — at $0.10 and $0.16 — have now flipped into support levels. This kind of resistance-to-support conversion is widely regarded as a bullish structural signal. With those floors now established, GWEI's next major target sits near $0.24, corresponding to the upper boundary of the megaphone pattern.

The Relative Strength Index (RSI) has climbed back above the 70 mark, re-entering bullish territory. Notably, this move appears to neutralize a bearish divergence that had been forming. That said, traders should keep an eye on the $0.16 level — a daily close beneath it would significantly undermine the current bullish narrative.

**VELVET: Consolidating Below $2 After a 275% Weekly Surge**

Velvet (VELVET) has been one of the most jaw-dropping performers of the past seven days, surging roughly 275% to trade near $1.67. The daily chart captures two consecutive explosive expansion phases that propelled the token to new heights.

Earlier this week, VELVET printed an all-time high near $2.07 before pulling back. The $2.00 zone now serves as a key resistance ceiling. On the downside, $0.60 has emerged as fresh support — a level that previously acted as resistance throughout the June 13–25 period.

The RSI is beginning to show early signs of bearish divergence, hinting that momentum may be starting to fade. However, the indicator remains in positive territory for now, keeping the broader trend intact. Whether VELVET can break decisively above $2.00 will be a critical test in the coming sessions.

**DEXE: Cup-and-Handle Breakout Points to $30 and Beyond**

DeXe (DEXE) presents arguably the most technically developed setup of the three. Trading near $21.78 after gaining roughly 40% over the past week, DEXE has broken out of a classic cup-and-handle pattern on the weekly chart, a formation known for preceding sustained upward moves.

The token is currently attempting to close above $24 on a weekly basis — a multi-year resistance level. A confirmed close above this threshold would serve as a strong validation of the breakout. The initial price target based on the pattern's projection stands near $30, aligning with the 1.272 Fibonacci extension level. A more ambitious target sits at approximately $38, corresponding to the 1.618 extension.

It's worth noting that trading volume has been contracting during the recent advance. Declining volume in the context of rising prices can sometimes indicate that momentum is losing steam ahead of a potential volatility burst. DEXE previously spiked 70% during a short squeeze event, and earlier analyst commentary had flagged growing bullish positioning in the token.

**Key Takeaways for July**

All three tokens — GWEI, VELVET, and DEXE — are entering July with breakout momentum and well-defined technical structures. However, overstretched indicators and thinning volume across the board are cautionary signals that traders should not ignore. Sharp reversals remain a real possibility, and risk management will be essential for anyone looking to capitalize on these setups.