Sui's decentralized finance ecosystem is drawing renewed attention after liquid staking protocol Haedal surpassed 10 million WAL tokens staked in haWAL, its liquid staking token on the network. The milestone arrives as Sui's total value locked (TVL) stands at $523.5 million, and as the SUI token retests a former consolidation zone following its September breakout. Together, the developments put both the network's on-chain activity and its price structure in focus.

Crypto analyst Giannis Andreou is monitoring the $1.00–$1.08 support range, which could determine whether the token advances toward successive resistance levels and its previous swing high at $1.41.

Haedal Crosses 10 Million WAL Staked in haWAL

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. The figure was shared on October 10, 2026.

BREAKING: Haedal surpasses 10 million WAL staked into haWAL, its liquid staking token on Sui. Sui's total value locked now stands at $523.5 million. @SuiNetwork pic.twitter.com/DGNPZ8iXqD
— MSB Intel (@MSBIntel) October 10, 2026

Source: MSB Intel on X

Liquid staking allows users to stake tokens while receiving a representative token that may be used in supported decentralized finance applications. In this case, WAL staked through Haedal is represented by haWAL, which can be deployed in supported DeFi applications while the underlying stake remains in place. This structure can provide additional flexibility for participants seeking staking rewards while maintaining access to DeFi opportunities.

Staking totals of this kind are among the metrics ecosystem observers track to gauge participation in a protocol, and liquid staking figures in particular show how staked assets can remain in circulation across DeFi rather than sitting idle.

The development adds to activity across Sui's ecosystem, where total value locked stands at $523.5 million. The two figures, however, measure different things: the haWAL staking total reflects activity within a specific protocol, while Sui's TVL captures the broader value deposited across the network's DeFi applications.

Sui DeFi TVL Reaches $523.5 Million

The reported $523.5 million in TVL provides broader context for Sui's decentralized finance ecosystem. The metric tracks the value of assets deposited in supported protocols and can help assess shifts in ecosystem participation. It is also one of the most widely referenced gauges for measuring the scale of DeFi activity on a blockchain, which is why readings like this one are often cited alongside protocol-specific milestones.

Haedal's staking milestone and Sui's TVL reflect two distinct aspects of network activity. The former highlights participation in a liquid staking protocol, while the latter offers a wider view of capital deployed across DeFi applications.

That said, these developments 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

In a daily-chart analysis, Andreou identifies the $1.00–$1.08 range as a key support area for SUI following its September breakout. At the time of the cited analysis, the token was trading around $1.0666 while retesting its former consolidation zone — the range a token trades in before a breakout, which post-breakout analysis often watches to see whether it holds as support.

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. A higher low refers to a pullback that ends above the previous low, a pattern watched in technical analysis as a possible sign that buyers are stepping in at progressively higher levels.

The key technical levels cited 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 on X

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. Conversely, a move below $0.99 would invalidate the analyst's current setup and weaken the case for a continued recovery.

A Potential 32.19% Upside, Conditionally Framed

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 that separate the 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 then $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 the key factors to watch. Beyond the chart, the haWAL staking total and the network's TVL reading offer on-chain data points that can be monitored alongside the technical levels.

Disclaimer: This article contains market analysis and price projections. These are not guarantees. Crypto markets are volatile. Always do your own research (DYOR). This is not financial advice.