Like Ethereum, Solana broke another record this week, reaching a new all-time high at $250. This is a nice round number after a fantastic week where SOL saw a 23.2% price increase. This places the cryptocurrency as the fourth largest one in terms of market capitalization.
Solana has support at $236 and below that at the previous all-time high of $213. Therefore, any correction should find substance around these levels. If the price decides to continue higher, the most immediate resistance can be found at $269.
Looking ahead, Solana might be expected to continue higher. This is an exciting race and forces each blockchain to push innovation to the limit in the race to stay on top. This ultimately benefits the user.