Resistance Reclaim on the 4-Hour Structure

$LINK has just reclaimed its nearest resistance at $9.61 on the 4-hour timeframe, currently trading at $9.64. This reclaim signals that sellers have temporarily lost control at that level. The move represents a 1.00% gain over the last 24 hours in a relatively modest volume environment of $223M, suggesting measured buying interest rather than aggressive accumulation.

The reclaim itself is significant because resistance levels that flip into support can act as stepping stones in a multi-leg move higher. The fact that price did not collapse below $9.61 after testing it indicates conviction among the active bid side. However, conviction is not momentum - the incremental nature of this move warrants caution until the next structural zone comes into play.

The $9.75 Target and Fibonacci Confluence

The immediate supply zone ahead sits at $9.75. This level represents the next structural resistance on the 4-hour chart and should be treated as the first real test of whether the $9.61 reclaim has genuine legs. In technical terms, $9.75 is where sellers have previously defended price action, making it a natural zone where profit-taking and short entries may cluster.

Fibonacci projections from recent swing lows and highs align near this $9.75 region, adding confluence to the level. When multiple timeframes and analytical methods converge on a single price, the probability of a reaction increases. At $9.75, watch for either a clean break with follow-through volume or a rejection that sends price back into consolidation below $9.61.

Session-by-Session Price Action Context

The Asia session has historically set the tone for altcoin volatility, with the London session often adding confirmation or reversal. Depending on when this $9.61 reclaim occurred, the strength of the subsequent move into the London session will determine whether $9.75 is tested on momentum or gradually approached on weakness. If the London session opens with buying pressure and $LINK moves decisively above $9.64, the $9.75 zone becomes a higher-probability target within hours.