Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.71, showing a slight decline of 1.09% over the past 24 hours. The daily price range has been narrow, with a high of $4.79 and a low of $4.71, indicating limited volatility in the short term.

Trading volume stands at approximately $36.37 million, representing a volume-to-market cap ratio of 2.04%, which suggests moderate liquidity. The short-term moving averages are all trending downward, with the 8-period, 13-period, and 21-period SMAs showing negative changes, indicating bearish sentiment in the immediate timeframe.

The 1-hour Relative Strength Index (RSI) is at 29, suggesting that JLP is currently in oversold territory, which could indicate a potential reversal point. In contrast, the 7-day RSI is at 57, reflecting a more stable sentiment over the longer term, though the recent 14-day price change is negative at -1.92%.

Over the past 30 days, JLP has declined by 14.76%, indicating a bearish trend in the medium term. The all-time high of $5.99, reached on October 6, 2025, remains significantly above the current price, suggesting potential for recovery but also highlighting the volatility and risk involved.

Given the current oversold condition indicated by the 1-hour RSI and the relatively stable longer-term sentiment, a cautious approach is warranted. The current price level provides a potential entry point, but the prevailing bearish trends in the short and medium terms suggest that immediate gains may be limited.

In conclusion, the recommendation for JLP is to Hold. The oversold conditions could lead to a short-term rebound, but the overarching bearish momentum and price decline suggest that waiting for clearer bullish signals may be prudent before initiating new positions.