Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.44, reflecting a minimal 24-hour change of 0.00297%. The daily price range has been tight, with a high of $4.47 and a low of $4.43, indicating low volatility in the current trading environment.

Trading volume stands at approximately 20.4 million JLP, corresponding to a market cap volume ratio of 1.35%. The moving averages reveal a bearish sentiment, as the short-term SMAs (8, 13, and 21) are all trending downward, with the 55 and 144 SMAs also indicating continued weakness over longer periods.

The 1-hour RSI is at 39, suggesting that JLP is nearing oversold conditions, while the 7-day RSI of 47 indicates a lack of strong momentum in either direction. Notably, the price has decreased by approximately 0.62% over the last week, but it has gained 4.46% over the last two weeks, demonstrating some potential recovery.

Despite the recent dip, JLP remains 11.7% below its all-time high of $5.03 reached in January 2025. This gap highlights the potential for upward movement if market conditions shift favorably, although current indicators do not suggest immediate bullish momentum.

Given the current technical indicators and market data, I recommend a Hold rating for JLP. While short-term trends indicate caution, the potential for recovery in the medium term suggests that investors may want to retain their positions while monitoring market developments closely.