Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.10, reflecting a positive 24-hour change of 4.04%. The daily trading range has been relatively narrow, with a high of $4.15 and a low of $3.94, indicating limited volatility during this period.

Volume for JLP stands at approximately 34.68 million, contributing to a volume-to-market cap ratio of 2.26%. This level of volume suggests active trading but does not indicate strong bullish momentum, as evidenced by the 7-day RSI at 38, which is close to oversold territory.

Moving averages show mixed signals; the 8-period SMA at $4.12 is slightly bearish, while the 21-period SMA at $4.08 shows a modest bullish trend. The longer-term 144-period SMA at $4.33 has dropped significantly by 5.23%, indicating a potential resistance level that traders should monitor closely.

Over the past week, JLP has experienced a notable decline of 10.07%, with even steeper drops over the past 14 and 30 days, at 13.37% and 12.69%, respectively. These declines highlight a bearish trend, which could be contributing to the current resistance levels observed in the market.

The all-time high for JLP was $5.99, reached on October 6, 2025, which sets a significant resistance benchmark as the price remains approximately 31.6% below this level. The current technical indicators, particularly the RSI readings and moving averages, suggest that the market sentiment is currently bearish.

Given the mixed signals from the moving averages and the overall downward trend in the past month, the recommendation for JLP is to Hold. This rating reflects caution, as potential buyers may want to wait for a clearer bullish reversal signal before entering the market.