Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.69, reflecting a 2.57% increase over the past 24 hours, with a daily trading range of $4.5 to $4.7. The trading volume of approximately $68.73 million indicates strong market activity, with a volume-to-market cap ratio of 3.65%, suggesting decent liquidity.

The hourly moving averages show a bullish trend, with the 8, 13, and 21 SMA all registering positive changes above 3%. However, the 1-hour RSI stands at 72, indicating that JLP is overbought in the short term, while the 7-day RSI at 49 suggests a more neutral stance over a longer period.

In terms of price momentum, JLP has seen a 7-day price change of 2.74%, but the 14-day and 30-day changes are concerning at -9.61% and -14.91%, respectively. This suggests that while there is short-term strength, the longer-term trend remains bearish, with significant resistance near the all-time high of $5.99 reached in October 2025.

Given the mixed signals from both the short-term bullish indicators and longer-term bearish trends, a cautious approach is warranted. Therefore, the rating for JLP is Hold, as the current price levels could face downward pressure based on the longer-term price changes and the overbought conditions reflected in the RSI.