Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.73, reflecting a slight decline of 1.16% over the past 24 hours. The daily trading range has been narrow, oscillating between a low of $4.72 and a high of $4.81, indicating limited volatility in recent trading sessions.

Volume over the last 24 hours stands at approximately $30.77 million, translating to a volume-to-market cap ratio of 1.95%. This relatively low ratio suggests that trading activity is not particularly robust compared to market capitalization, potentially indicating a consolidation phase or decreased investor interest.

From a technical perspective, JLP's short-term moving averages are indicating bearish momentum, with the 8, 13, and 21 SMA all showing declines between 0.77% and 0.95%. The hourly RSI is at 38, suggesting the asset is nearing oversold conditions, while the 7-day RSI at 51 indicates a neutral trend, reflecting indecision among traders.

In terms of price performance, JLP has shown a positive 7-day change of approximately 1.60% and a more substantial 14-day increase of 5.81%. However, the 30-day price change is slightly negative at -0.69%, which raises concerns about the sustainability of recent gains in the context of longer-term trends.

Given that the all-time high of $5.99 was reached on October 6, 2025, current prices are significantly below that level, providing a potential upside for long-term investors. However, the current bearish sentiment indicated by moving averages and RSI values suggests caution in the short term.

Based on the analysis, a Hold rating is advised. While there are signs of potential upside, the current technical indicators and market dynamics suggest a careful approach is warranted before making additional purchases.