Jupiter Perpetuals Liquidity Provider Token (JLP) is currently trading at $5.16, showing a slight decline of 0.49% over the last 24 hours. The price has fluctuated within a tight range, with a daily high of $5.25 and a low of $5.15, indicating low volatility in the market.

The trading volume stands at approximately 91.29 million, reflecting a volume-to-market cap ratio of 4.97%, which suggests moderate trading activity relative to its market capitalization. The moving averages are indicating a bearish trend, as the 8, 13, and 21-period SMAs are all showing declines of over 1%, while the 55-period SMA has a milder drop of 0.20%.

The 1-hour Relative Strength Index (RSI) is at 29, indicating that JLP is in the oversold territory, which may suggest a potential rebound in the near term. However, the 7-day RSI at 47 reflects a lack of strong momentum, signaling that the current trend may continue without significant buying pressure.

Over the past week, JLP has experienced a price change of -3.09%, indicating ongoing selling pressure, while the 14-day price change is slightly positive at 3.36%, hinting at some recovery potential. The 30-day price change shows a decline of 1.23%, further suggesting a trend of stagnation or downward movement in the short to medium term.

JLP reached its all-time high of $5.51 on August 14, 2025, which sets a resistance level that may need to be broken for a bullish reversal. Current price action combined with technical indicators suggests that while there is potential for short-term recovery, the overall sentiment remains bearish.

Given the current oversold condition indicated by the 1-hour RSI, a cautious approach is advisable. Therefore, the rating for JLP is a Hold, as there may be potential for a short-term bounce but insufficient bullish momentum to justify a Buy rating at this moment.