Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.51, reflecting a minor increase of 0.92327% over the past 24 hours. The daily price range is narrow, with a high of $4.52 and a low of $4.47, indicating a period of relative stability.

The trading volume stands at approximately 11.56 million, with a volume-to-market cap ratio of 0.78%, suggesting moderate liquidity. The hourly moving averages show a slight bullish trend, particularly the 8 SMA at $4.50, which has gained 0.30%, while longer-term moving averages display less momentum.

The 1-hour RSI is at 74, indicating that JLP is currently overbought in the short term, which could lead to a price correction. Conversely, the 7-day RSI is at 49, suggesting that the asset is nearing neutral territory, and the recent price changes indicate a bearish trend over the past week (-0.57%), two weeks (-3.13%), and month (-4.81%).

Given that the all-time high for JLP was $5.99, reached in October 2025, the current price remains significantly below this peak, suggesting potential for future growth. However, the recent downward momentum and overbought conditions in the short term imply caution for new buyers.

In conclusion, the data indicates a Hold rating for JLP. While there is potential for upward movement given the historical highs, the current overbought status and recent price declines suggest that investors should wait for more favorable entry points before accumulating further.