Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.89, showing a slight decline of 0.68% over the last 24 hours. The daily trading range has been minimal, with a high of $4.92 and a low of $4.89, indicating low volatility in recent trading.

The trading volume stands at approximately 6.89 million, representing a volume-to-market cap ratio of 0.43%, suggesting moderate liquidity. The hourly moving averages reflect a bearish trend, with the 8, 13, and 21 SMA all showing negative changes, while the 55 SMA is slightly more stable with a 0.25% decline.

The relative strength index (RSI) indicates that the short-term momentum is weak, with a 1-hour RSI of 38, signaling potential oversold conditions. However, the 7-day RSI at 52 suggests a neutral momentum, indicating some potential for recovery in the short term.

Over the past week, JLP has appreciated by approximately 3.25%, and it shows a stronger performance over the last 30 days with an increase of about 11.05%. Despite this upward trend, the price remains significantly below its all-time high of $5.99, reached in October 2025.

Given the current price action and technical indicators, the JLP token appears to be consolidating with a potential for rebound in the near future, particularly as the longer-term price changes show a positive trajectory. However, the weak short-term momentum and high SMA resistance levels suggest caution.

Based on this analysis, the recommendation is to Hold JLP. While there are signs of potential recovery, the current market dynamics and technical indicators do not support an immediate Buy, and selling at this price could be premature given the longer-term positive trends.