$HAEDAL is trading approximately at $0.096 - $0.100 USD. This reflects a significant decrease of about 12-13% in the last 24 hours and a decline of roughly 18-20% over the past 7 days. On a monthly timeframe, HAEDAL has seen a more substantial decrease of approximately 20-30%. It is important to note that HAEDAL recently reached its all-time high (ATH) of $0.2257 USD on May 21, 2025, meaning it is currently down by over 50% from its peak.
Detailed Price Analysis:
Haedal Protocol ($HAEDAL) is currently experiencing a notable correction after a period of recent strong performance, particularly following its listing on major exchanges like Binance and the associated HODLer airdrops in late May. Its price action indicates that early profit-takers are exerting significant selling pressure, which is common for newly listed tokens that experience initial price surges.
Recent Price Action: HAEDAL saw a rapid ascent after its launch and listing, reaching its ATH in late May. However, since then, it has been in a clear downtrend, with the recent 24-hour and 7-day performance reflecting continued selling pressure. The current price action suggests that the initial hype-driven buying has subsided, and the market is now in a discovery phase, seeking a stable support level. The price is currently testing crucial psychological levels around $0.10.
Technical Indicators:
On shorter timeframes (e.g., 1-hour, 4-hour), HAEDAL is likely showing bearish signals, with the price trading below key short-term moving averages (like the 20-period and 50-period moving averages), which are acting as resistance.
The Relative Strength Index (RSI) is likely in oversold territory or approaching it on smaller timeframes, suggesting a potential short-term bounce, but without strong buying volume, any rally might be short-lived. On the daily chart, the RSI is likely declining, indicating weakening momentum.
Key resistance levels for any upward movement would be found around $0.11-$0.12, followed by the previous local highs near $0.13-$0.14. Strong support is less defined given its recent launch, but the all-time low around $0.0816 USD (April 29, 2025) would be a critical level to watch.
Trading Volume & Market Cap: HAEDAL maintains a decent 24-hour trading volume, recently ranging from $20 million to $35 million USD. Its market capitalization is approximately $19 million - $20 million USD, placing it as a relatively small-cap project. The relatively high volume compared to its market cap suggests significant trading activity and volatility, primarily driven by retail investors.
Fundamentals and Ecosystem Development: Haedal Protocol is a liquid staking protocol natively built on the Sui blockchain. It allows users to stake their SUI tokens and receive haSUI, a liquid staking token (LST) that can then be used in other DeFi services within the Sui ecosystem to earn additional yields.
Liquid Staking Utility: Haedal aims to solve the liquidity issues associated with traditional staking, enabling users to earn staking rewards while keeping their assets liquid for use in other DeFi activities like trading, lending, and liquidity provision. This is a crucial function in the DeFi space.
Sui Ecosystem Integration: Its success is closely tied to the growth and adoption of the Sui blockchain. Haedal is positioned as an important pillar within the Sui DeFi ecosystem, integrating with protocols like Cetus, Navi, and Scallop.
Governance and Rewards: HAEDAL is the native governance token of the Haedal Protocol. Holders can lock HAEDAL to receive veHAEDAL, which grants voting rights on protocol decisions and boosted yields from Haedal's farming modules.
Tokenomics and Unlocks: HAEDAL has a total supply of 1 billion tokens, with an initial circulating supply of 195 million (19.5% of total supply). It has a 7-year release schedule, with upcoming unlocks potentially introducing further selling pressure (e.g., 11.54M HAEDAL unlock on Oct 29, 2025).
Outlook: HAEDAL is a very new project with a relatively short trading history. Its long-term potential will depend on the continued growth of the Sui ecosystem, the successful implementation of its roadmap (including features like HMM v2 and improved governance), and its ability to attract and retain users for its liquid staking and DeFi services. The current price correction is a natural part of post-launch price discovery. However, future price appreciation would require sustained adoption and development to overcome initial speculative selling.
In conclusion, Haedal Protocol ($HAEDAL) is a recently launched liquid staking token on the Sui blockchain that is currently undergoing a price correction after an initial surge. While its fundamental utility within the growing Sui DeFi ecosystem is promising, its price action is highly volatile and susceptible to profit-taking from early investors. The project's future will largely hinge on its ability to build a robust user base, deliver on its development roadmap, and navigate the competitive liquid staking landscape. Investors should approach HAEDAL with caution, given its newness and inherent risks, and closely monitor its ecosystem development and tokenomics.