Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.42, reflecting a 3.73% decline over the past 24 hours. The daily trading range has been narrow, with a high of $4.59 and a low of $4.38, indicating a lack of volatility in the short term.

Trading volume stands at approximately 30.3 million, with a volume-to-market cap ratio of 1.79%, suggesting moderate liquidity. The short-term moving averages indicate a bearish trend, with the 8 SMA at $4.48 showing a decline of 1.43%, while the longer-term SMAs demonstrate increasing downward pressure.

The 1-hour RSI is significantly low at 19, signaling oversold conditions and potential for a short-term rebound. However, the 7-day RSI at 43 indicates that the asset is nearing neutral territory, while the 14-day price change shows a more pronounced bearish trend of nearly 9.49%.

Despite a historical all-time high of $5.99 in October 2025, the recent performance suggests that JLP has been in a downtrend, particularly with a 30-day price change of -2.00%. The momentum is further confirmed by the consistent decline across various time frames, which raises concerns for potential holders.

In conclusion, while the oversold condition might hint at a possible short-term rebound, the overall bearish trend and the significant price declines in the last few weeks lead to a recommendation to Sell. Investors should consider exiting positions until clearer bullish signals emerge or a solid reversal pattern is established.