Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.64, reflecting a 24-hour decline of 2.51%. The daily trading range has been narrow, with a high of $4.78 and a low of $4.61, indicating limited volatility in the short term.

The trading volume stands at approximately $33.76 million, representing 2.01% of the market cap, suggesting a moderate level of trading activity. The hourly moving averages show mixed signals: the 8 and 13 SMA are flat, while the longer SMAs indicate downward pressure, particularly the 55 SMA, which is down 2.30%.

Technical indicators reveal a bearish sentiment, with the 1-hour RSI at 36 indicating oversold conditions. The 7-day RSI is at 49, suggesting a neutral trend, while the recent 7-day price change is -1.09%, reflecting short-term weakness.

Over the last 14 days, JLP has shown a modest increase of 3.83%, but the 30-day change of -7.92% indicates a longer-term downtrend. Given that the all-time high was $5.99 in October 2025, the current price is approximately 22.5% below that peak, which may attract buyers looking for value.

Considering the combination of bearish technical indicators, an overall downtrend in the 30-day price change, and neutral momentum in the short term, the recommendation is to Hold. A cautious approach is warranted until further bullish signals emerge in the moving averages and RSI, which would indicate a potential reversal or upward momentum.