Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.75, reflecting a positive 24-hour change of 2.81%. The daily price range has remained tight, with a high of $4.76 and a low of $4.55, indicating stable trading conditions over the last day.

The trading volume of 38,529,732 is notable, representing 2.25% of the market cap, suggesting healthy market activity. The hourly moving averages show a bullish trend, particularly the 55 SMA, which indicates a 2.11% increase and supports upward momentum in the short term.

The one-hour RSI stands at 77, indicating that JLP is currently overbought, which may lead to a price correction in the near future. In contrast, the 7-day RSI at 51 suggests that the token has room for further price appreciation without being overextended in the medium term.

Over the past week, JLP has gained approximately 5.90%, while the 14-day price change reflects a solid gain of about 5.31%. However, a 30-day price change of -5.80% shows that JLP has faced some downward pressure recently, indicating potential volatility ahead.

The all-time high for JLP was recorded at $5.99 on October 6, 2025, suggesting that there is significant resistance at that level. The current price is approximately 20.73% below this peak, indicating potential for recovery but also highlighting the challenges ahead.

Given the current overbought conditions indicated by the hourly RSI and the tight daily range, I recommend a Hold rating for JLP at this time. While there are positive short-term trends and healthy trading volume, the overbought signal suggests caution before pursuing new positions.