Jupiter Perpetuals Liquidity Provider Token (JLP) is currently trading at $4.44, reflecting a 24-hour decline of 5.26%. The price has fluctuated between $4.36 and $4.72 in the last day, indicating a daily range of just 0.36%, which suggests low volatility during this period.

Volume stands at approximately 118.4 million, with a volume-to-market cap ratio of 6.58%, signaling moderate trading activity relative to market capitalization. The moving averages indicate a bearish trend, with the short-term 8 SMA at $4.46, down 0.50%, and the longer-term 144 SMA at $4.68, down 5.12%, highlighting consistent downward pressure.

The 1-hour RSI is at a critical level of 25, indicating an oversold condition, while the 7-day RSI at 43 suggests potential weakness in momentum but not yet at extreme levels. Additionally, the 7-day, 14-day, and 30-day price changes show declines of 5.66%, 9.79%, and 17.34%, respectively, reflecting significant bearish sentiment over these timeframes.

JLP's all-time high is $5.99, reached on October 6, 2025, showing a considerable gap of approximately 34% from the current price. This disparity indicates potential upside if market conditions improve, but current trends suggest continued selling pressure.

Given the current oversold conditions indicated by the RSI, the lack of bullish momentum, and the declining moving averages, a cautious approach is warranted. Therefore, the recommendation for JLP is to Hold, as there may be potential for recovery if buying interest returns, but immediate prospects appear negative based on current market data.