$HAEDAL

Current Performance and Behavior

#Haedal has shown volatile behavior in the last 24 hours. After a recent rally of 65% that took its price to an all-time high of $0.30 USD, HAEDAL has experienced a correction, retracting to approximately $0.24 USD. This correction represents a drop of around 20% from its peak.

Despite this short-term retraction, technical analysis suggests that, on a daily timeframe, the bullish trend could still prevail, with a possible resistance test at $0.46 USD if the momentum is maintained. The trading volume in the last 24 hours is around $79.68 million USD, with a market capitalization of approximately $52.67 million USD.

Volatility is a key factor, with the expansion of the Bollinger Bands indicating an increase in price fluctuation. While the bearish divergence on the 4-hour chart points to possible short-term weakness, the long-term outlook could be more optimistic, with projections of up to $0.50 USD and even $0.70 USD in the coming weeks if the bullish momentum consolidates.

It is important to highlight that the Haedal Protocol is a liquid staking protocol built on the Sui network, allowing users to stake their SUI tokens and participate in decentralized finance (DeFi) through liquid staking tokens (haSUI).