Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.83, reflecting a modest 1.08% increase over the past 24 hours. The daily price range has been relatively tight, oscillating between $4.76 and $4.87, indicating stable trading conditions.

Volume stands at approximately 43.39 million, translating to a volume-to-market cap ratio of 2.47%, which suggests a healthy trading activity relative to its market capitalization. Short-term moving averages reveal mixed signals, with the 8 SMA indicating a slight bearish trend at -0.33%, while the longer-term 144 SMA shows stronger bullish momentum at +3.46%.

The 1-hour RSI is at 65, suggesting that JLP is nearing overbought conditions, while the 7-day RSI of 52 indicates neutral momentum over a longer period. Notably, JLP has shown a positive price change of 1.34% over the past week, but a decline of 4.16% over the last 30 days suggests volatility and potential resistance in this timeframe.

The all-time high for JLP was $5.99, achieved on October 6, 2025, which remains a significant psychological resistance level. The current price is approximately 19.34% below this peak, indicating potential upside but also suggesting that upward momentum may face challenges in reaching previous highs.

Based on this analysis, the rating for JLP is a Hold. While the recent price action and technical indicators indicate potential for short-term gains, the higher RSI and recent downtrend over the past month suggest caution. Investors should monitor for confirmation of a breakout above the $4.87 resistance level for a more bullish outlook.