Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.05, reflecting a 1.51% decline over the last 24 hours. The token's trading range for the day has been between $4.00 and $4.16, indicating limited volatility with a daily range of 0.16%.

Trading volume stands at approximately $44.6 million, with a volume-to-market cap ratio of 2.91%, suggesting moderate liquidity. The short-term moving averages (8, 13, and 21 SMA) are all aligned around $4.13, indicating bearish momentum, while the 55 SMA and 144 SMA show more substantial declines, suggesting a prolonged downtrend.

The current 1-hour RSI at 39 reflects oversold conditions, while the 7-day RSI at 38 confirms continued bearish sentiment. Price changes over various periods illustrate significant downturns, with a 7-day drop of 10.31%, a 14-day drop of 17.14%, and a 30-day drop of 12.83%.

Despite the all-time high of $5.99 reached on October 6, 2025, the current price suggests a lack of upward momentum. Given the prevailing bearish indicators and declining price trends, combined with the recent RSI readings, the market sentiment remains weak.

Overall, the technical indicators and price action suggest a Sell rating for JLP. The lack of positive momentum, combined with bearish moving averages and oversold RSI levels, indicates further potential declines in the near term.