Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.66, reflecting a slight decline of 0.71% over the last 24 hours. The token's daily trading range has been narrow, with a high of $4.76 and a low of $4.65, indicating limited volatility.

The volume of JLP traded in the past 24 hours is approximately 35.8 million, representing 2.14% of the market cap. The moving averages reveal a bearish trend, with the 8 SMA at $4.68 and a decline of 0.52%, while the longer-term SMAs also show negative momentum, suggesting a lack of buying pressure.

The 1-hour RSI is at 24, indicating that JLP is significantly oversold in the short term. Conversely, the 7-day RSI of 47 suggests that the asset is approaching neutral territory, while the 30-day price change of -6.63% reflects a bearish trend over a longer timeframe.

Despite a recent uptick of 3.32% over the last week, the overall sentiment remains cautious, especially given the downward pressure from the moving averages. The all-time high of $5.99, reached in October 2025, indicates substantial room for growth, but the current bearish indicators require careful consideration.

Based on the technical analysis and current market conditions, a Hold rating is recommended for JLP. The oversold RSI signals potential for a bounce, but the overall trend suggests waiting for clearer bullish signals before entering new positions.