Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.51, reflecting a 3.87% decline over the past 24 hours. The trading range has been tight, with a daily high of $4.74 and a low of $4.48, indicating limited volatility in the recent session.

Trading volume stands at approximately 34,946,144, contributing to a volume-to-market cap ratio of 2.13%. The hourly moving averages show a consistent downward trend, with the 8 SMA at $4.55 down by 0.80% and the 144 SMA at $4.69 down by 3.91%, suggesting bearish momentum across shorter and longer timeframes.

The 1-hour Relative Strength Index (RSI) is critically low at 13, indicating oversold conditions in the very short term. However, the 7-day RSI at 46 suggests that the asset is nearing equilibrium, while the 14-day RSI indicates a moderate bearish sentiment, with a 14-day price change of -5.32%.

In terms of price performance, JLP has shown a negative trajectory over the past month, with a 30-day price change of -16.81%. The all-time high of $5.99, reached on October 6, 2025, remains a significant resistance level, further complicating the current price outlook.

Overall, the technical indicators suggest JLP is under selling pressure, with several moving averages confirming this bearish trend. Given the current market conditions and the potential for further declines, a Sell rating is warranted at this time. Investors should consider exiting their positions to mitigate losses while monitoring for signs of stabilization before re-entering.