Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.45, reflecting a slight 24-hour decline of 0.38%. The daily trading range has been minimal, with a high of $4.52 and a low of $4.45, indicating low volatility in the short term.

Volume stands at 23,222,060, representing 1.58% of the market cap, which suggests active trading but may not be sufficient to drive significant price movements. The hourly moving averages indicate a bearish trend, with most averages showing negative percentage changes, particularly the 55 SMA at -1.54%.

The 1-hour RSI is extremely low at 18, indicating that JLP is heavily oversold in the short term, while the 7-day RSI at 47 suggests a neutral sentiment. Price changes over the past week, 14 days, and 30 days reveal a consistent downtrend, with declines of approximately 2.02%, 6.14%, and 1.51%, respectively.

The all-time high for JLP remains at $5.99, achieved on October 6, 2025, which sets a significant resistance level for future price movements. Given the current price action and technical indicators, there is potential for a rebound, but the ongoing downtrend and low RSI suggest caution.

In conclusion, a Hold rating is advised for JLP. The current oversold conditions may lead to a short-term bounce, but the overall bearish trend and resistance near the all-time high warrant a wait-and-see approach before making new purchases.