Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.53, showing a slight decline of 1.63% over the past 24 hours. The daily trading range has been relatively tight, with a low of $4.53 and a high of $4.64, indicating a lack of volatility.

Volume stands at approximately 41.2 million, corresponding to a market cap turnover of 2.50%, suggesting moderate trading activity. The short-term moving averages reflect a bearish sentiment, with the 8, 13, and 21 SMA all indicating declines between 1.43% and 1.65%, while the longer 144 SMA shows a slightly less bearish trend at -0.95%.

The 1-hour RSI is at an oversold level of 25, indicating potential for a short-term rebound, while the 7-day RSI sits at 46, suggesting a neutral to slightly bearish sentiment. The 7-day and 14-day price changes are negative, indicating a recent downtrend, with losses of 2.44% and 7.99%, respectively.

Despite a marginal 30-day price change of 1.01%, the overall trend remains bearish in the short to medium term. The all-time high of $5.99 reached on October 6, 2025, provides resistance levels, while the current price remains significantly below this peak.

Given the current oversold conditions indicated by the RSI, alongside a tight trading range and declining moving averages, the outlook for JLP suggests caution. Therefore, a Hold rating is recommended to observe potential for a rebound before considering any buying opportunities.