Jupiter Perpetuals Liquidity Provider Token (JLP) is currently trading at $4.76, reflecting a modest 24-hour change of 1.18%. The token has demonstrated stability, with a daily range between $4.69 and $4.77, indicating relatively low volatility.

The trading volume stands at approximately 16.83 million, representing a volume-to-market cap ratio of 1.08%, suggesting a healthy level of trading activity for JLP. Short-term moving averages are showing positive momentum, with the 8, 13, and 21 SMA all above $4.70, indicating bullish sentiment in the near term.

The 1-hour RSI at 66 signals that JLP is nearing overbought territory, while the 7-day RSI of 62 indicates that the token is still in a favorable position for further gains. Price changes over the last 7, 14, and 30 days show upward trends of approximately 3.71%, 4.80%, and 2.58%, respectively, reinforcing the bullish momentum.

JLP's all-time high of $5.99 was reached on October 6, 2025, and the current price reflects a potential for recovery towards that peak, given the positive price changes and strong technical indicators. However, the proximity to the overbought threshold suggests caution, as a correction may be on the horizon.

Based on the current analysis, I recommend a "Hold" rating for JLP. The bullish indicators and recent price performance suggest potential for upward movement, but the elevated RSI readings warrant caution to avoid potential losses from a possible correction.