Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.49, reflecting a minor decline of 1.01% over the last 24 hours. The daily trading range has been relatively narrow, oscillating between a high of $4.56 and a low of $4.47, indicating limited volatility in the current market environment.

Volume stands at approximately 36.28 million, contributing to a volume-to-market cap ratio of 2.43%. This suggests a moderate level of trading activity, but the low volatility indicates a lack of strong market momentum in either direction.

Technical indicators show that the hourly moving averages are in slight decline, with the 8 SMA at $4.50 down 0.20% and the 21 SMA at $4.52 down 0.56%. The 1-hour RSI is at 37, which indicates that JLP may be approaching oversold conditions, while the 7-day RSI of 51 suggests neutrality.

From a price trend perspective, JLP has seen a 7-day price change of -1.46%, a 14-day decline of 6.03%, and a 30-day drop of 1.78%. These figures reflect bearish sentiment in the short to medium term, especially considering that the token is trading well below its all-time high of $5.99 reached on October 6, 2025.

Given the current price action and technical indicators, JLP is facing downward pressure with no immediate catalysts for a bullish reversal. The lack of significant buying volume and bearish price trends further support a cautious outlook.

Rating: **Sell**. The combination of declining moving averages, a bearish RSI, and a downward price trajectory suggests that further downside is likely, warranting a sell decision for JLP at this time.