Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.62, reflecting a 24-hour decline of 2.60%. The daily trading range has been relatively narrow, with a high of $4.83 and a low of $4.61, indicating a stable short-term price action despite the negative change.

The volume of JLP stands at approximately 59.67 million, translating to a volume-to-market cap ratio of 3.63%. This relatively low ratio suggests limited trading activity, which could affect price volatility and indicate weaker investor interest at the moment.

Technical indicators reveal bearish momentum, with the 1-hour RSI at a stark 18, indicating oversold conditions. The hourly moving averages are all trending downward, with the 8 SMA at $4.64 and the 55 SMA at $4.73, suggesting a lack of short-term buying pressure.

Looking at longer-term price changes, JLP has experienced a decline of approximately 9.39% over the past 30 days. The 7-day RSI of 50 indicates a neutral stance, while both the 7-day and 14-day price changes reflect slight bearish trends, pointing to ongoing selling pressure.

Given that the all-time high of $5.99 was reached on October 6, 2025, the current price of $4.62 indicates a significant gap to previous highs. While the token is currently in a correction phase, the presence of a low RSI suggests a potential for a rebound if buying interest returns.

Overall, the combination of bearish indicators and current price action suggests a cautious approach. Therefore, the rating for JLP is a Hold; this is due to potential oversold conditions that could lead to a price bounce, but existing bearish momentum does not support a Buy at this time.