Jupiter Perpetuals Liquidity Provider Token (JLP) is currently trading at $4.63, reflecting a 24-hour decline of 2.56%. The price has moved within a daily range of $4.55 to $4.76, indicating limited volatility with a daily range of just 0.21%.

Trading volume stands at 48,069,520, contributing to a market cap volume ratio of 2.54%. This relatively low volume suggests a lack of strong buying interest at current price levels, especially as the price has also experienced a notable downward trend over the past 30 days, with a price change of -14.94%.

Technical indicators show that the hourly moving averages are all trending downward, with the 8 SMA at $4.67 and a decline of 0.89%. Additionally, the 1-hour RSI is at 35, indicating oversold conditions, while the 7-day RSI is at 47, suggesting that momentum is weak but not yet at extreme levels.

The token has faced considerable downward pressure, with a 7-day price change of -6.91% and a 14-day change of -8.86%. Its performance relative to its all-time high of $5.99, achieved on October 6, 2025, highlights the significant distance and the current bearish sentiment.

Given the current technical indicators, weak momentum, and declining price trends, the recommendation is to Hold JLP at this time. While the oversold condition may present a potential buying opportunity in the future, the absence of bullish signals and the downward pressure suggest that it is prudent to await clearer signs of reversal before committing additional capital.