Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.70, with a slight decrease of 0.20% over the last 24 hours. The daily trading range is narrow, fluctuating between a high of $4.79 and a low of $4.69, indicating low volatility and potential consolidation in the market.

Trading volume stands at approximately $44.4 million, with a volume-to-market cap ratio of 2.58%, suggesting moderate liquidity. The hourly moving averages show a bearish trend, with the 8 SMA at $4.70 down by 0.03%, while the 21 SMA and 55 SMA also reflect downward pressure, indicating a potential continuation of the current price trend.

The 1-hour RSI is notably low at 30, signaling that JLP is currently oversold in the short term, which may lead to a price correction or a rebound. In contrast, the 7-day RSI is at 54, indicating that the token is nearing neutral territory and suggesting a potential for short-term recovery, while the 14-day price change reflects a minor decline of 0.67%.

Over the past 30 days, JLP has experienced a significant decline of approximately 14.64%, raising concerns about longer-term momentum. However, the all-time high of $5.99 achieved on October 6, 2025, serves as a critical resistance level, which may influence future price movements and investor sentiment.

Given the current oversold conditions indicated by the 1-hour RSI and the recent consolidation, there may be an opportunity for a short-term rebound. However, the overall trend remains bearish as indicated by the moving averages and the longer-term price changes.

Rating: Hold. The current market conditions suggest caution due to the ongoing downward trend, but potential for short-term recovery exists. Await clearer signals before making significant investment decisions.