$LINK /USDT

### Market Analysis Post: Current Spot & Resistance Levels

In today's market analysis, we're taking a close look at the 4-hour chart, focusing on the recent price movements and key technical levels.

**Spot Price and Recent Movements:**

The current spot price is $12.58, following a notable fluctuation between $11.772 and $13.526. The chart indicates a recent high at $13.526, where the price encountered significant resistance, leading to a pullback. This price movement is characterized by strong bullish and bearish candles, indicating high volatility and trader activity in this range.

**Key Resistance Levels:**

1. **Immediate Resistance:** The price is facing immediate resistance at the 7-period moving average (MA7) of $12.830. This level needs to be surpassed for any short-term bullish momentum.

2. **Secondary Resistance:** The 25-period moving average (MA25) is currently at $12.828. Crossing this level could signify a stronger bullish trend.

3. **Major Resistance:** The 99-period moving average (MA99) sits at $13.488. This level is critical and would need to be breached for a sustained upward trend.

**Volume and Moving Averages:**

Volume analysis shows a substantial spike at the last resistance point, with a total volume of 273,913.19 units. The moving averages are currently as follows:

- MA(5): 336,020.55

- MA(10): 389,051.63

**Conclusion:**

Traders should keep an eye on the $12.830 level for immediate resistance, and the $13.488 level as a major hurdle. A breakout above these levels with high volume could indicate the next bullish phase. Conversely, failure to breach these resistance levels might lead to further consolidation or a downward movement.

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