Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.49, reflecting a slight decrease of 0.83% over the past 24 hours. The token has seen a daily trading range of $4.42 to $4.53, indicating relatively low volatility with a daily range of just 0.11%.

Trading volume for JLP stands at approximately 38.52 million, translating to a volume-to-market cap ratio of 2.35%. This suggests moderate trading activity, which may imply investor interest, albeit without significant upward price momentum in the short term.

The hourly moving averages present a mixed picture: the 8 SMA ($4.45) and 13 SMA ($4.47) indicate slight bullish sentiment, while the 21 SMA ($4.48) shows minor upward movement. Conversely, the 55 SMA ($4.60) and 144 SMA ($4.67) indicate a bearish trend, suggesting that the token is struggling to maintain its higher price levels.

Both the 1-hour and 7-day Relative Strength Index (RSI) are at 45, indicating a neutral momentum and potential for either a bullish or bearish breakout. The 7-day price change shows a decline of approximately 4.03%, while the 14-day and 30-day price changes reflect downtrends of 1.83% and 16.91%, respectively, highlighting a longer-term bearish sentiment.

Despite the all-time high of $5.99 reached on October 6, 2025, the current price indicates a significant decline from this peak. The overall technical indicators suggest that JLP is facing resistance at higher levels and may continue to consolidate around the current price range.

Given the current technical setup and the bearish trends observed in both short and long-term price changes, I recommend a Hold rating for JLP. This is due to the mixed signals from moving averages and RSI, indicating a lack of strong bullish momentum that could justify a Buy at this time. A more favorable entry point may be identified if the price stabilizes above key resistance levels in the coming days.