As a representative of high-performance public blockchains, Sui has been continuously addressing liquidity issues within its ecosystem. When a large amount of SUI tokens are locked in staking and difficult to circulate, a project called Haedal emerged to give these "frozen" assets new vitality.

The logic of this protocol is straightforward: users stake SUI to receive haSUI tokens, earning staking rewards while holding these tokens to continue operating within DeFi. In its early launch phase, Haedal quickly became a leading player in the Sui ecosystem's liquidity staking sector, thanks to its innovative technical architecture and impressive growth performance. The total locked value once surpassed $210 million, far ahead of competitors.

However, the harsh reality of the crypto market is that opportunities can change in an instant. The HAEDAL token has declined from its all-time high of $0.3059 and now hovers around $0.04, a drop of over 86%. Once a sector leader, it now appears somewhat dull.

But from a trading perspective, there seem to be some opportunities around the $0.04 level. Technically, the key buy zone is between $0.0350 and $0.0450. If support can hold below $0.03, it may create conditions for a rebound. The upward targets are sequentially $0.0650, $0.1000, and $0.1500.

Why do some people believe in a rebound? The core reason is that Haedal's position in the sector remains strong. As a leader in the Sui ecosystem's LSD (liquidity staking derivatives) field, it is not just a copycat following trends but has built a solid moat through the Hae3 framework (which includes innovative mechanisms like dynamic validator selection). Its TVL has long been the top among Sui-related protocols, indicating that users still recognize the project's fundamentals.

Whether a rebound after a breakdown will happen depends on market sentiment shifts and the development pace of the Sui ecosystem itself.