Keep a close eye on the 700-730 level; a breakout would be a new story. If there's no past, continue oscillating—it's a classic script.

ME News Report, May 23 (UTC+8), cryptocurrency analyst Ali posted on X platform that the privacy encryption project Zcash (ZEC) has gained over 40% in the past week. The current price is approaching the key resistance zone that triggered a significant pullback in November last year, namely the $700 to $730 range. If ZEC can effectively break through and stabilize above this range, it may further open up upside potential; conversely, if it faces strong selling pressure again, a repeat of the previous sharp rise followed by a decline could occur. (Source: ODAILY)