Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.77, reflecting a 2.25% increase over the past 24 hours. The token has demonstrated a daily range of $4.55 to $4.78, indicating relatively stable trading activity within this period.

Trading volume stands at approximately 50.75 million, equating to a market cap volume ratio of 2.62%. This suggests that while trading activity is substantial, the market cap may not be keeping pace with volume, which could imply speculative trading rather than long-term investment.

The hourly moving averages show a bullish trend with the 8 SMA at $4.59 and a 3.91% increase, which indicates short-term momentum. However, longer-term moving averages, such as the 144 SMA at $4.72 with a 1.10% increase, suggest the price may struggle to maintain upward momentum without additional support.

The 1-hour RSI of 57 indicates that JLP is approaching overbought territory, while the 7-day RSI of 49 signals a neutral market sentiment. Recent price changes over 7, 14, and 30 days show declines of -4.56%, -6.33%, and -11.49%, respectively, reflecting a broader downtrend that investors should consider.

Despite the recent uptick, the price is still significantly below its all-time high of $5.99 reached in October 2025, indicating potential resistance at higher levels. This resistance, combined with the recent negative price changes, suggests that upward momentum may be limited unless positive catalysts emerge.

Given the current market dynamics, JLP shows signs of short-term strength but is still facing challenges due to the longer-term downtrend and overbought conditions. Therefore, a **Hold** rating is recommended, as investors should monitor for clearer bullish signals before making a decisive entry or exit.