Jupiter (JUP) is currently trading at $0.174374, experiencing a significant decline of 13.49% over the last 24 hours. The price action has exhibited volatility, with a daily high of $0.213224 and a low of $0.168088, indicating a range of 20.71% within this period.

The trading volume stands at approximately 66,939,084, contributing to a volume-to-market cap ratio of 11.86%. This level of trading activity suggests a relatively active market, but the sharp decline in price indicates bearish sentiment prevailing among traders.

Technical indicators reveal a bearish trend, with all hourly moving averages (SMA) positioned above the current price, suggesting continued downward pressure. The 1-hour RSI is extremely low at 8, indicating potential oversold conditions, while the 7-day RSI at 48 reflects a neutral stance but on the lower end, hinting at further weakness.

Over the past week, JUP has declined by 11.46%, and the 14-day price change shows a steeper drop of 22.22%. This consistent downtrend across different time frames indicates that the selling pressure is not only recent but has been ongoing, further contributing to the overall bearish outlook.

With the all-time high at $2, reached on January 31, 2024, the current price represents a substantial retracement from that peak. Given the significant loss in value, the market sentiment appears pessimistic, and the lack of bullish indicators suggests that a recovery may not be imminent.

Considering the current price action, technical indicators, and overall market sentiment, the recommendation is to Sell. The strong downward momentum and negative price changes across various time frames suggest further declines are likely, making it prudent to exit positions until more favorable conditions emerge.