Jupiter Perpetuals Liquidity Provider Token (JLP) is currently trading at $4.74, reflecting a 3.06% decline over the last 24 hours. The price has shown a daily range of $4.72 to $4.91, indicating low volatility as the daily range is only 0.19%.

Trading volume stands at approximately $18.72 million, with a volume-to-market cap ratio of 1.20%, suggesting moderate liquidity. The short-term moving averages show mixed signals: the 8 SMA is slightly up at $4.74, while the longer-term 55 and 144 SMAs are down, indicating potential bearish momentum.

The 1-hour RSI is critically low at 14, signaling an oversold condition, while the 7-day RSI at 45 suggests that JLP is nearing the neutral zone but lacks strong buying pressure. Over the past week, JLP has declined by about 0.93%, and the 14-day change shows a slight decrease of 0.15%, although the 30-day price change indicates a recovery of approximately 4.40%.

JLP's all-time high remains $5.99, reached on October 6, 2025, which provides a critical resistance level. The current price is 20.86% below this high, indicating potential upside but also considerable downside risk if bearish trends continue.

Given the current technical indicators, particularly the oversold RSI and the mixed moving averages, JLP shows potential for short-term recovery. However, the sustained downward pressure and lack of strong buying momentum suggest caution.

Rating: Hold. While the oversold condition may provide a buying opportunity, the overall bearish trend and low RSI levels indicate that waiting for clearer bullish signals may be prudent.