Solana (SOL) is showing strong signs of life, with its Total Value Locked (TVL) nearing $12 billion and bullish performance across key internal metrics. Key points:

- Solana's tech is powering its comeback, with a 13% jump in network fees and rising transactional volume.
- The return on staking is rising, jumping by 5% to hit 8.5%, fueling more demand for SOL.
- Key indicators like the MACD crossover are turning bullish, and the RSI hasn't hit overbought levels.
- For Solana to break past $220, it needs a perfect storm of bullish internal and external trends.
- External factors, such as Bitcoin's price movement, may impact Solana's momentum, but overcoming these pressures could pave the way for a potential breakthrough.