Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.52, reflecting a minor decline of 0.49% over the past 24 hours. The trading volume stands at approximately 23.1 million, indicating a relatively active market, though the volume-to-market cap ratio of 1.52% suggests limited liquidity compared to overall market capitalization.

The daily trading range is narrow, at just 0.06%, with a 24-hour high of $4.55 and a low of $4.49, indicating a consolidative phase. Short-term moving averages are showing a downward trend, with the 8 SMA at $4.52 down 0.04% and the 55 SMA at $4.53 down 0.27%, while the 144 SMA shows a slight positive trend at $4.51, up 0.21%.

The Relative Strength Index (RSI) readings are neutral, with the 1-hour RSI at 49 and the 7-day RSI at 50, suggesting no immediate overbought or oversold conditions. However, the 7-day and 14-day price changes are negative, with declines of 1.93% and 4.04% respectively, which indicates some bearish momentum over the medium term.

Despite a positive price change of 0.93% over the past 30 days, the overall trend indicates a struggle to reclaim previous highs. The all-time high for JLP was $5.99, reached in October 2025, which sets a significant resistance level that needs to be breached for bullish momentum to resume.

Given the current technical indicators showing a lack of upward momentum and the bearish price changes over the past two weeks, the recommendation for JLP is to Hold. A Hold rating reflects the potential for recovery in the longer term, especially if broader market conditions improve, but current indicators suggest caution.