SAND Price Soars 70% in a Week, Breaks Above 200-Day EMA

The SAND price has seen a significant surge, increasing by around 70% in a week. The Sandbox (SAND) has broken above its 200-day exponential moving average (EMA), a key indicator of a bullish trend. The trading volume has peaked at $962M, a 2500% increase in a week, with open interest (OI) rising from 21M to 62M. The funding rate has been negative, and perpetuals are still selling, while spot markets are buying. These factors suggest that the SAND price may continue to remain bullish, with the increased OI and volume potentially acting as a catalyst.