Toncoin slides to $1.5 after dipping to $1.4, as liquidations and OI fall

Toncoin (TON) fell to a monthly low of $1.4 before rebounding to about $1.5, and was down 2.1% on the day with a 10.2% weekly drop. Long liquidations reached $7.66 million on June 5 and eased to $1 million on June 6, while Open Interest slid 10% to a monthly low of $318 million. If selling persists, analysis in the report says TON risks losing $1.5 and moving toward $1.3 unless it reclaims $2.