Haedal (haSUI) Crypto Token Surges 50% After Listing on Binance, TVL Hits $210M

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

Haedal (HADL) 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. It also follows a period of strong interest in new liquid staking protocols.

Haedal is a protocol that allows users to easily stake their SUI tokens and receive haSUI in return. These receipt tokens can be used on decentralized finance platforms. The system offers one-click staking with no lockups and promises high returns.

Haedal’s protocol launched in January after raising funds from major investors. These include Hashed, OKX Ventures, Animoca Ventures, and the Sui Foundation.

The protocol quickly became the leading platform for liquid staking 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 is focused 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 Bulls Gain Strong Momentum

Relative Strength Index (RSI) on the 4-hour chart for HaedalUSDT is 69.99. RSI measures market momentum on a scale from 0 to 100. A reading above 70 typically denotes overbought conditions, while a reading below 30 indicates oversold territory.

RSI surged from below 45 to nearly 70, following a sharp price breakout. At the same time, the 14-period moving average of RSI is climbing and now reads 56.70, confirming a strong upward shift in momentum.

This rapid rise in RSI reflects intense buying activity after the Binance listing. The move suggests that bulls have the upper hand, 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.