Haedal crypto token surged more than 50% after its listing on Binance. The listing pushed the price from $0.13 to $0.20, marking a major breakout after days of trading sideways around the $0.12 support level. The move came less than a month after the token’s initial launch.
Haedal Soars After Binance Listing: TVL Hits $210M, Price Faces $0.20 Resistance
Haedal is a liquid staking protocol built on the Sui blockchain. It allows users to stake their SUI tokens and receive haSUI in return. These receipt tokens can be used in decentralized finance platforms. The system offers one-click staking with no lockups and promises high returns. The protocol launched in January 2025 after raising funds from major investors, including Hashed, OKX Ventures, Animoca Ventures, and the Sui Foundation.
Haedal has quickly become the leading liquid staking platform on the Sui network. Its Total Value Locked (TVL) is now close to $210.8 million. The protocol is managed by a team of Web3 specialists. Co-founder Luke Shi focuses on boosting liquidity and yield within the Sui ecosystem.
Following the Binance listing, the token’s price rallied sharply. The $0.20 level now acts as a strong resistance point. Before the announcement, the price had remained steady at $0.12 for several days. The breakout signals a bullish trend, although some pressure may remain from airdrop claimants and ongoing incentive programs.
The outlook depends on how much short-term selling follows the airdrop. As always, investors should research carefully before taking any position.
Haedal RSI Nears Overbought as Bullish Pressure Builds
As of May 22, 2025, the Relative Strength Index (RSI) on the 4-hour chart for HaedalUSDT stands at 69.99. RSI measures market momentum on a scale from 0 to 100. A value above 70 typically signals overbought conditions, while a value below 30 indicates oversold territory.
Haedal’s RSI recently surged from below 45 to nearly 70, following a sharp price breakout. At the same time, the RSI’s 14-period moving average is climbing and now reads 56.70, confirming a strong upward momentum shift.
This rapid RSI rise reflects intense buying activity after the Binance listing. The move suggests that bulls are in control, but the token now sits just below overbought territory. If RSI breaks above 70, a short-term correction could follow as traders begin to take profits.
Meanwhile, the bullish crossover where the RSI line moves above its moving average further strengthens the case for near-term price growth. However, traders should watch for signs of a divergence or a flattening RSI curve, which may signal a pause or reversal in momentum.
