5 USA-Made Cryptocurrencies to Monitor in Mid-March

This week, five prominent cryptocurrencies originating from the USA are on the radar: Hedera (HBAR), Chainlink (LINK), Aptos (APT), Ondo Finance (ONDO), and Story (IP). While Story leads the pack with excellent performance over the past month, it is currently experiencing a notable correction reminiscent of Ondo Finance, which has plunged over 22% in the last week.

Additionally, there is increasing speculation that Hedera and Chainlink might be considered for inclusion in the U.S. strategic crypto reserve, a possibility that could influence their market prices. As important support and resistance levels loom, the ensuing days will reveal if these cryptocurrencies can regain their bullish trajectories or if further declines are inevitable.

Hedera (HBAR)

Hedera is prominently ranked among the top 10 largest cryptocurrencies in the USA by market capitalization, currently valued at approximately $8.8 billion. However, it has recently faced challenges, experiencing a 16.7% decline over the past week. This downturn raises crucial questions about its ability to bounce back or whether it will face ongoing selling pressure.

If Hedera can establish a sustained upwards trend, it may test significant resistance levels at $0.219 and $0.258, with the potential to rally towards $0.287. Conversely, a deeper retracement may expose it to further losses, particularly if it fails to hold the critical support level at $0.179.

Chainlink (LINK)

Chainlink is a leading player in the oracle sector and has been actively expanding its influence within real-world assets (RWA), which adds to its significance within blockchain infrastructure. Its essential role in these sectors bolsters expectations that it could be included in the U.S. strategic crypto reserve alongside XRP and Solana.

A potential inclusion could propel LINK toward strong resistance levels at $15.79, with further upward targets set at $17.64 and $19.79 if momentum persists. However, should market conditions take a bearish turn, LINK might retest support at $13.45, posing risks of declining towards $13 and below.

Aptos (APT)

As one of the most talked-about new layer-1 blockchains in recent times, Aptos has seen chatter about a potential ETF heightening interest in its developments. Despite this, APT has struggled recently, falling nearly 12% in the past week. The current market trend raises doubts regarding its capability to regain bullish momentum.

Should the correction persist, APT might encounter support at $5.34, with the possibility of dropping to $5.04 if it breaks below that threshold. Alternatively, a reversal in trend could push APT towards $5.90, with additional resistance levels at $6.49. If the strong bullish momentum from previous months resumes, APT could aim for gains up to $6.81 or even $7.06—dependent on market conditions.

Ondo Finance (ONDO)

Ondo Finance has experienced a regrettable drop of 22% in the last week yet remains a significant player in the real-world asset sector. Despite this correction, it sustains a market capitalization hovering around $2.8 billion, indicative of its resilience in the market.

The ongoing decline raises concerns about whether ONDO can recover momentum or if further losses await. If the negative trend continues, ONDO may face support at $0.866, with a potential decrease to $0.82. Conversely, any recovery in market interest for RWA coins could see ONDO targeting resistance at $1.09, with a further bullish scenario extending to $1.23.

Story (IP)

Story has marked itself as one of the best-performing USA-based cryptocurrencies, boasting a 77% increase over the last month while standing out among notable altcoins. Despite this impressive growth, IP has encountered a 19% correction within the past week, bringing its market cap to approximately $1.27 billion.

If Story can reclaim its previous momentum, it may rise towards $6.96 and potentially challenge $7.95, with prospects of breaking above $8 for the first time, affirming its significance in the USA crypto scene. Conversely, should the downtrend accelerate, support can be tested at $4.49, and a critical breakdown could see prices plunge to $3.65.