JUPUSDT: bullish reclaim toward $0.235JUP / TetherUSBINANCE:JUPUSDT3CommasThe Macro Picture 🗺️ The $0.165 line that anchored the last thesis has done its job. Across the late-May flush, price wicked into $0.170 on three separate sessions and refused to print a single daily close below the critical floor — the structural base survived intact. The reclaim of $0.200 over the past 48 hours flips the level that capped May 20's first retest attempt back into support, and the path toward the lower edge of the overhead supply zone reopens. This is the bullish branch of the May 28 decision playing out, not a fresh setup. The Setup ⚙️ The Defended Floor: $0.165 was tested in slow motion and held without a single conviction flush below it. The wicks at $0.170 cleared out the over-leveraged longs that survived the May spike, leaving a much cleaner base from which the next leg can develop. The Support Flip: $0.200 was the ceiling that defined the prior accumulation range for months and capped the May 20 retest. With price now trading above it, the same level becomes the structural floor — a 1D close back below would be the first crack in the continuation read. The Reaction: RSI has reclaimed the 50 midline from below for the first time since the late-May rollover. Momentum is turning constructive without being stretched — there is room for the move to develop without forcing an immediate cooldown. The Roadmap: Primary target sits at $0.235 — the white projection points into the lower edge of the May supply zone, where the original distribution shelf demands to be retested. Invalidation: a sustained 1D close below $0.200 would invalidate this bullish continuation and reopen the $0.165 retest as the next downside magnet.