Sui’s decentralized finance ecosystem is gaining attention after Haedal surpassed 10 million WAL tokens staked in haWAL, its liquid staking token on the network. The development comes as Sui’s total value locked reaches $523.5 million.
Meanwhile, SUI is retesting a former consolidation zone following its September breakout. Crypto analyst Giannis Andreou is monitoring the $1.00–$1.08 support range, which could determine whether the token advances toward higher resistance levels and its previous swing high at $1.41.
Haedal Expands Liquid Staking Activity on Sui
According to MSB Intel, Haedal has surpassed 10 million WAL tokens staked in haWAL, marking a milestone for the liquid staking protocol operating on Sui.
Liquid staking allows users to stake tokens while receiving a representative token that may be used in supported decentralized finance applications. This structure can provide additional flexibility for participants seeking staking rewards while maintaining access to DeFi opportunities.
The development adds to activity across Sui’s ecosystem, where total value locked stands at $523.5 million. However, the haWAL staking figure represents activity within a specific protocol, while Sui’s TVL measures the broader value deposited across its DeFi applications.
Also Read: Sui’s Integration With Open Assets Puts SUI Price Momentum in Focus
Sui DeFi TVL Reaches $523.5 Million
Sui’s reported $523.5 million in TVL provides broader context for its decentralized finance ecosystem. The metric tracks the value of assets deposited in supported protocols and can help assess changes in ecosystem participation.
Haedal’s staking milestone and Sui’s TVL reflect two different aspects of network activity. The former highlights participation in a liquid staking protocol, while the latter provides a wider view of capital deployed across DeFi applications.
Although these developments highlight activity within the ecosystem, they do not independently establish a bullish price outlook for SUI. Market sentiment, liquidity, trading demand, and broader cryptocurrency trends can also influence the token’s performance.
SUI Price Tests the $1.00–$1.08 Support Zone
Crypto analyst Giannis Andreou identifies the $1.00–$1.08 range as a key support area for SUI following its September breakout. In the cited daily-chart analysis, the token was trading around $1.0666 while retesting its former consolidation zone.
The analyst’s setup depends on SUI maintaining this range and forming a higher low, which could indicate that buyers are defending the previous breakout area.
The key technical levels are
- Support: $1.00–$1.08
- First resistance: $1.18
- Second resistance: $1.30
- Upside target: $1.41, near the previous swing high.
- invalidation level: Below $0.99
Source: Giannis Andreou’s X Post
A successful defense of support could open the way toward $1.18, followed by $1.30 if upward momentum continues. A break above the latter level would put $1.41 in focus.
However, a move below $0.99 would invalidate the analyst’s current bullish setup and weaken the case for a continued recovery.
SUI Price Sees a Potential 32.19% Upside
Andreou’s analysis outlines a potential 32.19% upside from the cited price of $1.0666 toward $1.41. The projection relies on SUI holding its support zone and overcoming the resistance levels separating its current price from the previous swing high.
The analyst’s view is conditional rather than a guaranteed forecast. Failure to maintain support could undermine the setup, while broader market weakness could limit buying momentum even if the token initially holds the range.
For this reason, the $1.18 and $1.30 levels remain important checkpoints before the $1.41 target becomes a realistic technical possibility.
What Comes Next for SUI?
SUI’s immediate direction depends on its ability to defend the former consolidation zone and establish a higher low on the daily chart. A sustained recovery above $1.18 and $1.30 would strengthen the case for a retest of $1.41, while a breakdown below $0.99 would invalidate the current bullish scenario.
Meanwhile, Haedal’s liquid staking milestone and Sui’s reported TVL provide additional context for ecosystem activity. Whether these developments translate into stronger token demand remains uncertain, leaving technical confirmation and broader market conditions as key factors to watch.
Also Read: SUI Price Eyes Fresh Momentum Ahead of Basecamp 2026
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Be the first to comment