Jupiter (JUP) is currently trading at $0.261534, reflecting a slight decline of 1.21% over the past 24 hours. The daily trading range has been tight, with a high of $0.27407 and a low of $0.258286, indicating a market in consolidation.

The trading volume over the last 24 hours is approximately 29.3 million, which represents a 3.48% share of its market cap. This volume is relatively low, suggesting reduced market interest and potential price instability in the short term.

Technical indicators are showing bearish signals, with the 1-hour RSI at 30, indicating that JUP may be oversold. Additionally, the moving averages reveal a downward trend, with the 8 SMA down 1.40% and the 55 SMA down 3.15%, further suggesting a lack of buying momentum.

From a longer-term perspective, the 7-day RSI at 37 and the significant price declines of 23.09% over the past week and 28.28% over the last 30 days highlight persistent selling pressure. This consistent downtrend implies that buyers may remain hesitant to enter the market until a clearer reversal signal appears.

Despite the potential for a bounce from the current oversold conditions, the overall trend remains negative, and the price is significantly below key moving averages. The all-time high of $2 achieved in January 2024 seems far out of reach under the current market conditions, indicating a lack of bullish sentiment.

Given the combination of bearish technical indicators, declining price momentum, and oversold conditions, the recommendation for JUP is to Hold. While there may be opportunities for short-term trades, the prevailing trend suggests caution for long-term investors.