Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.67, reflecting a slight decline of 1.15% over the last 24 hours. The trading volume stands at approximately $33.57 million, indicating a healthy level of market activity with a volume-to-market cap ratio of 2.00%.

The daily price range has been relatively tight, with a high of $4.72 and a low of $4.64, suggesting limited volatility in the short term. Moving averages show a mixed sentiment; the 8 SMA and 13 SMA are slightly bullish, while the 55 SMA indicates a bearish trend, signaling potential resistance around the $4.67 level.

Technical indicators further support a cautious outlook, as the 1-hour RSI sits at 48, indicating a neutral position with no immediate overbought or oversold conditions. The 7-day RSI is slightly lower at 47, reflecting a similar sentiment; however, the recent price changes over the last 7 days (+2.24%) and 14 days (+0.87%) suggest some upward momentum.

In contrast, the 30-day price change shows a notable decline of 7.83%, which may weigh on investor sentiment. The all-time high of $5.99 reached in October 2025 sets a significant resistance level, suggesting that a recovery to that point may face challenges given the current market conditions.

Considering the mixed signals from moving averages and technical indicators, alongside the recent downtrend over the past month, the recommendation for JLP is to hold. While there are signs of short-term support, the overall bearish trend in the longer term suggests waiting for clearer signals before making a buy decision.