Jupiter Perpetuals Liquidity Provider Token (JLP) is currently trading at $4.40, reflecting a slight increase of 2.02% over the past 24 hours. The token has experienced a daily range of $4.32 to $4.43, with a volume of approximately $40.72 million, indicating a Vol/Market Cap ratio of 2.41%.

The short-term moving averages reveal mixed signals; the 8 SMA is down 0.02%, while the 13 SMA shows a slight uptick of 0.17%. In contrast, longer-term averages, like the 55 SMA and 144 SMA, are trending downwards, down 1.24% and 2.59%, respectively, suggesting a bearish sentiment in the longer timeframe.

The 1-hour Relative Strength Index (RSI) is at 59, indicating that the asset is approaching overbought territory in the short term. However, the 7-day RSI at 44 suggests that JLP may be in a neutral state, moving away from recent bearish trends with a 7-day price change of -4.33% and a 14-day price change of -10.46%.

Despite the recent price recovery, JLP has seen a 30-day price decline of 2.75%, demonstrating a lack of sustained upward momentum. The all-time high of $5.99 reached in October 2025 remains significantly above the current price, indicating potential upside but also a strong resistance level.

Given the current data, JLP shows some signs of recovery in the short term but faces significant resistance from longer-term moving averages and a bearish trend in recent weeks. Thus, the recommendation is to Hold at this stage, monitoring closely for a confirmation of upward momentum or a breakdown below the recent support level of $4.32.