This week, Zcash, which faced internal governance disputes and regulatory pressures due to trader sell-offs, and Monero(Monero) prices soared above $650. Analysts pointed out that Zcash encountered strong resistance between $470 and $500, and the current market focus is on the support zone between $300 and $320 to maintain its overall upward trend. Meanwhile, Monero's price movement shows that it is consolidating within a long-term upward channel, facing resistance around $600, but the overall trend remains intact above the $300 support level.
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This week, Zcash, which faced internal governance disputes and regulatory pressures due to trader sell-offs, and Monero(Monero) prices soared above $650. Analysts pointed out that Zcash encountered strong resistance between $470 and $500, and the current market focus is on the support zone between $300 and $320 to maintain its overall upward trend. Meanwhile, Monero's price movement shows that it is consolidating within a long-term upward channel, facing resistance around $600, but the overall trend remains intact above the $300 support level.