RWA-Backed Coins Are Grabbing Attention This Week, With Solana (SOL), Ondo Finance (ONDO), and Story Protocol (IP) Emerging as Notable Players.

Solana (SOL) is leading the rally, posting a strong 30% recovery fueled by renewed interest from institutional investors. Ondo Finance (ONDO)

Solana, Ondo Finance, and Story Protocol are among the most talked-about made-in-USA coins this week.

As the dust settles on March's crypto market drama, investors are beginning to shift their attention toward Real World Asset (RWA) projects following the massive downfall of MANTRA’s OM token, which saw roughly $5.5 billion wiped out as the coin plunged by 90%.

That shift in focus could bring Ondo Finance (ONDO) into the spotlight after the token crossed the $20 billion mark for the first time ever.

For the past seven days, Solana (SOL) has been the best-performing coin among the top 25 U.S.-based crypto tokens.

The token recovered strongly, rallying 30% to hit $130 again as optimism over the market's near-term recovery brought buyers back into the market.

At the same time, Solana has also surpassed Ethereum in daily DEX trading volume, which now stands at $2.17 billion, according to DeFiLlama’s latest data.

Meanwhile, public company Janover also disclosed a $5 million investment in SOL, further boosting confidence in the token among institutional investors.

If the bulls can push through the $136 resistance, the next targets on the upside are at $147 and $160.

If buying pressure intensifies further, it could pave the way for a return to the $180 zone, last seen in early March.

On the other hand, if the rally fizzles out, the immediate support level to watch is at $124, followed by $112 and $95, depending on the extent of the decline.

On the other hand, Story is the only one among the top 25 U.S.-based crypto projects to show losses over the past week.

The token fell nearly 18% in the past 24 hours to slip below the $1 billion market cap mark.

The token is also now the only one among the top 25 to show a weekly loss, which could suggest that the token is due for a rebound if demand picks up again.

If the sentiment turns bullish again, Story may attempt to retest the $3.65 resistance level. Breaking through that could open the door for a move toward $4.49 and even $5 in the near term.

On the flip side, if selling pressure continues, IP risks dropping below the $2.40 support level, with further downside potential toward $2.12.