Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.60, reflecting a 24-hour decline of approximately 2.83%. The daily trading range has been tight, fluctuating between a low of $4.56 and a high of $4.74, indicating limited volatility in the short term.

The trading volume stands at approximately $24.56 million, with a volume-to-market cap ratio of 1.62%, suggesting moderate liquidity. Technical indicators show that the short-term moving averages (8 SMA and 13 SMA) are showing slight bullish signals, but the longer-term moving averages (21 SMA, 55 SMA, and 144 SMA) indicate a bearish trend as they are all declining.

Momentum indicators such as the 1-hour RSI at 35 and the 7-day RSI at 37 confirm that JLP is currently in an oversold condition, which could indicate a potential rebound. However, the 7-day price change of -6.73% and the 14-day price change of -4.31% highlight a consistent downward trend that may restrict immediate upward movement.

JLP's all-time high of $5.99, reached on October 6, 2025, remains a significant resistance level, and the current price is approximately 23% below this peak. In contrast, the 30-day price change shows a slight gain of 0.79%, suggesting that there may be some underlying support at this price level.

Given the current technical indicators pointing towards a bearish trend, along with the oversold RSI readings suggesting potential for a short-term recovery, a cautious approach is warranted. The recommendation is to Hold JLP at this time, monitoring for any signs of reversal or further deterioration in price momentum before making a more definitive Buy or Sell decision.