$SUI Daily Chart (Log Scale)

Moving averages work in different ways with different assets. I find you need to study previous price action in some cases to see if the asset uses the moving average as support or resistance. In this case, it's fairly obvious SUI has either used the 50 Day EMA as resistance or support for its entire life as an Alt Coin. 

It recently just retested this EMA as support with a trend line in the same area. I think this is an important spot on the chart to defend or there is a chance SUI could flip into a downtrend as previous price action shows.
#sui
#SUI