Jupiter Perpetuals Liquidity Provider Token (JLP) is currently priced at $4.45, reflecting a slight decline of 2.15% over the past 24 hours. The price has fluctuated between a high of $4.55 and a low of $4.36, indicating a daily range of 0.19%, which suggests relatively low volatility.

Trading volume for JLP stands at approximately 105 million, translating to a Vol/Market Cap ratio of 5.86%, indicating moderate liquidity. The hourly moving averages are predominantly bearish, with the 8 SMA at $4.48 showing a decline of 0.57%, while the 144 SMA at $4.66 reflects a more significant drop of 4.41%, suggesting a downward trend in the short to medium term.

The 1-hour Relative Strength Index (RSI) is at 55, positioning JLP in neutral territory, which may indicate that the price could stabilize or continue to fluctuate. In contrast, the 7-day RSI at 45 points towards potential oversold conditions, as the price has decreased by approximately 6.89% over the past week, further compounded by a 14-day price change of -12.60% and a 30-day change of -17.04%.

Despite the recent downtrend, JLP is significantly below its all-time high of $5.99 reached on October 6, 2025, suggesting potential upside if market conditions improve. However, the persistent decline across multiple time frames raises caution about entering a long position at this time.

Given the current technical indicators and recent price actions, the recommendation for JLP is to Hold. This stance allows investors to observe market conditions for potential reversals or further declines, as key moving averages indicate bearish momentum while the RSI suggests possible stabilization.