Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.65, reflecting a modest 24-hour change of 0.19615%. The token has seen a daily range of $4.63 to $4.78, indicating low volatility, with the daily range standing at just 0.15%.

Trading volume is significant at 47,913,834, representing a volume-to-market cap ratio of 2.91%. This suggests that liquidity is present, but the price movement has been subdued, with several moving averages indicating a downward trend: the 8 SMA at $4.76 is down 2.31%, while the 21 SMA and 55 SMA are also showing negative trends.

The 1-hour RSI is notably low at 29, suggesting that JLP is oversold in the short term, while the 7-day RSI at 50 indicates a neutral stance over a longer period. However, the 14-day price change shows a decline of 2.58%, and the 30-day price change is even more pronounced at -7.17%, indicating bearish momentum in the medium term.

The all-time high for JLP remains at $5.99, achieved on October 6, 2025, which sets a significant resistance level for future upward movements. The current price is approximately 22.4% below this all-time high, which may present a buying opportunity if bullish sentiment returns.

Given the current oversold conditions reflected by the low RSI, combined with high trading volume, there is potential for a short-term rebound. However, the broader downward trends in price over the last 14 and 30 days suggest caution.

Rating: **Hold**. The oversold RSI may indicate a potential for a bounce, but the prevailing downward momentum requires careful monitoring before committing to a buy.