Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.75, reflecting a 3.02% decrease over the last 24 hours. The price has fluctuated within a range of $4.72 to $4.90 during this period, indicating relatively low volatility with a daily range of 0.18%.

Trading volume stands at approximately 18,181,809, resulting in a volume-to-market cap ratio of 1.16%, suggesting moderate market interest. The hourly moving averages show mixed signals, with the 8 and 13-period SMAs indicating slight bullish trends, while the longer-term averages (55 and 144 SMAs) are bearish, indicating potential resistance at $4.85 and $4.89.

The 1-hour RSI is at 57, suggesting the token is nearing overbought territory, while the 7-day RSI is at 45, indicating bearish momentum over the past week. The price change over the last 7 days is a decline of approximately 1.37%, further supporting the weakening short-term trend.

In the context of longer-term performance, JLP shows a positive 30-day price change of 4.74%, which may reflect underlying bullish sentiment despite recent declines. However, the token is still significantly below its all-time high of $5.99 reached in October 2025, indicating room for growth but also significant overhead resistance.

Given the current technical indicators and the recent price action, a cautious approach is warranted. While there is potential for a rebound given the positive 30-day trend, the resistance levels and mixed moving averages suggest that JLP may continue to face selling pressure.

Rating: Hold. The mixed signals and proximity to key resistance levels indicate that while a rebound could occur, immediate risks of further downside exist. A stronger confirmation of upward momentum would be necessary to consider a Buy position.