"Toncoin (TON) increased 34.5% over the month, reaching $8.33 on June 14. However, there could be a sharp correction due to negative factors. 📉

- TON's daily relative strength index (RSI) reached 67.87, near the overbought threshold of 70.

- TON is testing a multi-week horizontal trend line. The next possible downside target is $6.55.

- Open interest (OI) increased sharply, but TON's funding rate was negative (-0.22%/week).

- TON could decrease by 20% by the end of June.

Let's discuss this below!#cryptocurrency#TON"