Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.58, experiencing a 24-hour decline of 2.49%. The price has oscillated between a daily high of $4.78 and a low of $4.53, reflecting a modest daily range of 0.25%.

Trading volume stands at approximately $81.45 million, indicating a relatively active market with a volume-to-market cap ratio of 4.37%. Short-term moving averages reveal a bearish trend, with the 8 SMA showing a slight uptick of 0.23%, while the 13, 21, and 55 SMAs are trending downwards, indicating increasing selling pressure.

The 1-hour RSI is at 26, suggesting that JLP is oversold in the very short term. Meanwhile, the 7-day RSI at 46 indicates that the token is nearing neutral territory but still reflects bearish sentiment, corroborated by a 7-day price change of -5.10% and a 14-day decline of -7.66%.

Over the last 30 days, JLP has decreased by approximately 14.81%, highlighting a significant downward trajectory. The all-time high of $5.99, reached on October 6, 2025, indicates potential resistance ahead, as the token is currently 23.54% below this level.

Given the current oversold conditions on the 1-hour RSI and the approaching neutrality on the 7-day RSI, there may be a short-term opportunity for a bounce. However, the prevailing bearish trend indicated by moving averages and the significant price declines over the past month suggest caution.

In conclusion, a Hold rating is appropriate at this time due to the oversold conditions that could lead to a short-term recovery. However, the underlying bearish trends and historical performance warrant a careful approach before considering any aggressive buying positions.