Here’s the technical analysis report for $TON /USDT:

$TON /USDT is currently trading at $5.7503, showing a 4.96% increase over the past 24 hours. The price experienced a rally from a low of $5.4600, reaching a high of $5.8120 within the same period. This upward movement reflects a strong buying momentum, which pushed the price back above key levels after a period of consolidation. The resistance level to watch is $5.8120, and a break above this level could extend the bullish trend toward the $5.8849 region.

However, if the price fails to breach the resistance, it could face a short-term pullback. Immediate support lies at $5.7097, and a drop below this could push the price toward the next support at $5.5068. The bulls will need to defend these support zones to maintain the current upward momentum.

In summary, TON/USDT appears to be in a short-term bullish phase, with positive price action driven by buyer interest. However, traders should remain cautious of the resistance levels and any potential retracement, while monitoring price action and volume for further confirmation of the trend.

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