Coins produced in the United States are showing an upward trend this week. Solana (SOL), Ondo Finance (ONDO), and Story Protocol (IP) stand out as major competitors. Solana is leading with a 30% rebound and renewed institutional interest. ONDO is benefiting from investors' rotation following MANTRA's collapse, particularly within the real-world assets (RWA) narrative.
Meanwhile, Story was the only coin among the top 25 US coins to show a decline last week, dropping 18% on Monday. However, there is potential for a rebound due to speculation about a Binance listing.
Solana (SOL)
Solana experienced a sharp correction of 53% from February 7 to April 7. However, the momentum dramatically changed last week.
SOL rose 30% over the past 7 days, rebounding to around $130, making it one of the largest US-produced coins in the market after XRP.
This revival coincided with major milestones in the Solana ecosystem. According to DeFi Llama, Solana surpassed Ethereum in daily DEX trading volume, recording $217 million in the past 24 hours.
Adding to the positive narrative, the public company Janover attracted attention by purchasing SOL worth $5 million.
According to Titan founder Chris Chung, this movement could pave the way for traditional companies to view Solana as a long-term investment:
"The decision by the commercial real estate platform Janover to add SOL as an asset is truly groundbreaking. Though somewhat buried in the current news noise about tariffs, this is the first non-crypto listed company to add SOL as an asset. This is a significant sign of confidence in Solana and shows that the world outside the cryptocurrency ecosystem is beginning to recognize the benefits of this blockchain.
In fact, the company's CEO Joseph Honorati said that Solana's volatility is an opportunity, not a flaw, and that the ability to stake SOL perfectly complements Bitcoin. This distinction is particularly interesting as it emphasizes the need to diversify corporate assets beyond BTC." – Chung told BeInCrypto.
If the current momentum continues, SOL could soon break through resistance, targeting $136 to $147 and potentially $160. A stronger rally could push it to $180, last seen in early March.
However, if the rally loses steam, SOL might revisit the support level at $124. Falling below that could lead to further decline to $112 or even $95.
Ondo Finance (ONDO)
MANTRA's OM token collapsed by 90%, losing $5.5 billion in market value. Investors' interest may shift to another real-world assets (RWA) project, ONDO.
This change occurred at a crucial moment, with the total value of RWA introduced on-chain first exceeding $20 billion.
ONDO is well-positioned to benefit from this momentum, especially attracting investors seeking alternatives after the OM collapse.
If interest in ONDO continues to grow, the token could break through key resistance levels at $0.90 and $0.95, potentially opening a path to $1.20.
However, ONDO has already failed to break $0.90 twice and might face selling pressure if it stalls again.
The first important support level is at $0.82, and falling below that could lead to further decline to $0.73 or even $0.66.
Story (IP)
Story is one of the most discussed US-produced coins in recent months and a strong contender with potential Binance listing in April.
Despite high interest, the token has dropped nearly 18% in the past 24 hours and fallen below the $1 billion market capitalization threshold.
Among the top 25 US-based cryptocurrency projects, Story was the only one showing a decline over the past 7 days. This suggests it is temporarily lagging and could be preparing for a sharp rebound when buying interest returns.
If momentum turns favorable for Story, the token could retest the $3.65 resistance level. Subsequently, it might break through to $4.49 and even $5.
However, if selling pressure continues, IP could fall below $2.40 and potentially decline to $2.12.
