Deep Dive
1. INDODAX Listing Expansion (8 July 2025)
Overview:
Indonesia’s largest crypto exchange INDODAX listed HAEDAL on 10 July 2025, enabling trading against IDR. The token operates via BEP20 and Solana networks, broadening accessibility in Southeast Asia’s fast-growing crypto market.
What this means:
This is bullish for HAEDAL’s liquidity and regional adoption, as INDODAX serves 7.5M+ users. However, the token’s 24h volume ($28.8M) remains concentrated on Binance (90%+), suggesting dependency on a few platforms. (INDODAX)
2. Q2 Growth Milestones (10 July 2025)
Overview:
Haedal’s Q2 recap highlighted 15% quarterly user growth to 900K+ accounts and $1.1B cumulative volume in its Market Maker module. The protocol also distributed 1.5M+ SUI in staking rewards.
What this means:
Strong fundamentals are emerging: haSUI’s 6% appreciation reflects sustainable yield demand, while exchange listings (Binance, Upbit, KuCoin) validate its Sui ecosystem role. Risks include reliance on Sui’s DeFi growth, which saw TVL dip 17% post-Cetus exploit in May. (Haedal)
3. Technical Rebound Signal (19 June 2025)
Overview:
HAEDAL broke a 3-week descending trendline on 19 June, rallying 8% to $0.1233 with $6.76M volume. The rebound followed a retest of $0.1095 support, forming higher lows.
What this means:
The technical structure suggests accumulation, though resistance at $0.1410 (June highs) remains untested. With RSI at 44 (neutral) and 74.66% buy-side order book dominance on 9 June, traders are cautiously optimistic. (CryptoFrontNews)
Conclusion
Haedal balances ecosystem traction with market volatility – its Sui-based staking utility and exchange expansions contrast with low-cap risks and $0.144 price (-14.45% YTD). Will Q3 partnerships and Sui’s DeFi recovery help HAEDAL stabilize above $0.15?