Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.69, reflecting a 24-hour decline of 2.86%. The daily trading range has been relatively narrow, with a high of $4.83 and a low of $4.67, indicating subdued market volatility.

Trading volume stands at 30,910,464, which represents 1.81% of the market cap. This volume, combined with the current price action, suggests a lack of strong buying or selling pressure, with the 1-hour RSI at a low 34 indicating potential oversold conditions.

The short-term moving averages indicate a bearish trend, with the 8 SMA at $4.74 down 1.09% and the 13 SMA at $4.75 down 1.28%. The 55 SMA also shows a decline of 2.16% at $4.79, while the longer-term 144 SMA at $4.68 has increased slightly by 0.17%, signaling some support at this level.

Over the past week, JLP's price has seen a change of -1.91%, while the 14-day price change is positive at 5.11%. However, the 30-day price change remains negative at -6.80%, indicating a longer-term bearish sentiment despite some recent recovery.

The all-time high for JLP stands at $5.99, reached on October 6, 2025. Given the current price proximity to the recent lows and the mixed signals from moving averages and RSI, a cautious stance is warranted.

In conclusion, the current market conditions suggest a Hold rating for JLP. While there is potential for short-term recovery given the oversold RSI, the overall trend and recent price performance indicate that investors should wait for clearer bullish signals before increasing their positions.