HAEDAL Surges 84% on Sui DeFi Ecosystem Inflows

HAEDAL has experienced a significant surge, jumping 84% from $0.1161 to $0.2139 after breaking through key resistance levels. This move was characterized by strong momentum and a lack of rejection, with buyers holding onto intraday highs. The altcoin's price action has been supported by a clean ascending triangle breakout below $0.145, where the price compressed with higher lows. Once the $0.155 level was breached, HAEDAL surged rapidly, taking out the $0.20501 resistance and flipping it into a confirmed support zone. A mid-run bull flag further boosted the price, setting the stage for a continuation toward the $0.31093 extension.

The technical indicators also support this bullish trend. The Exponential Moving Averages (EMAs) are fully aligned, with the 10 EMA at $0.1666, the 21 EMA at $0.1486, and the 50 EMA trailing at $0.1393. HAEDAL is now trading over 55% above its 10 EMA and more than 53% above the 21 EMA, indicating strong momentum and trend continuation. This setup suggests that the trend will remain active unless volume collapses below $100M, with bulls maintaining full control.

The momentum behind HAEDAL's surge is not just technical but also driven by capital rotation into Sui’s DeFi ecosystem and internal token economics. On July 7, Sui registered $184M in fresh stablecoin inflows, providing liquidity across the chain and directly benefiting HAEDAL. Additionally, the protocol uses 50% of its revenue for weekly buybacks, creating a consistent demand loop and helping to absorb selling pressure on the chart. This system has ensured that the breakout remains clean and uninterrupted.

HAEDAL's breakout from $0.1161 to $0.2139 was an 84% move with no deep retrace. The chart now targets $0.31093, with $0.2148 standing as the final hurdle. The altcoin continues to dominate the session, with tight structure, rising volume, and price action reflecting an asset under heavy accumulation. The lack of rejection wicks shows strong conviction among buyers, and the momentum-backed structure fuels HAEDAL’s vertical run.