SAND price witnessed strong breakout with 2500% change in volume

SAND price was trading at $0.07321 and surged by around 70% in a week. The Sandbox (SAND) triggered a breakout on a daily timeframe and has surpassed the 200-days EMA. Amid this bullish trend, the trading volume peaked $962M with 2500% in a week. The OI has increased from 21M to 62M and the funding rate was negative. Perpetuals are still selling and spots are buying. Here, spots can win and perpetuals could lose the battle. According to this data, SAND price has the potential to remain bullish further. The increased OI and volume could work as a catalyst.