In June 2024, several cryptocurrencies are considered to be overbought. The relative strength index (RSI) of these coins shows that their prices have reached possible peaks, and there is a need to pay attention to the risk of a potential correction.

1. Ethereum Name Service (ENS): ENS had a strong performance in June, with its RSI showing overbought conditions on different time frames, such as the 4-hour RSI at 77.73 and the 12-hour RSI at 76.41. Since ENS has risen significantly in the short term, investors need to be wary of the risk of a price correction.

2. Cyber ​​(CYBER): The coin’s RSI is also showing overbought conditions on multiple time frames, specifically the 4-hour RSI at 78.09 and the 12-hour RSI at 75.53. This indicates that CYBER may face correction pressure in the short term.

3. Nervos Network (CKB): CKB had an outstanding performance in June, with its daily RSI reaching 78.5 and weekly RSI at 78.8. These high RSI values ​​indicate that CKB is severely overbought in the near term and may undergo a price correction.

The strong performance of these currencies in June attracted the attention of a large number of investors, but it also reminded investors that they need to remain cautious and pay attention to risk management when the market is overheated.