Jupiter (JUP) is currently trading at $0.187877, reflecting a 24-hour decline of 3.26%. The price is situated within a daily range of $0.185121 to $0.19575, indicating a constrained trading environment with a daily range of only 0.010629%.

The trading volume over the past 24 hours stands at approximately 51.83 million, translating to a volume-to-market cap ratio of 8.50%. This relatively high volume suggests active market participation, but the negative price momentum indicates a lack of buyer confidence at current levels.

Technical indicators reveal that the 8 SMA is at $0.1886, showing a slight decline of 0.39%, while the 13 SMA is at $0.1882, down 0.17%. Further analysis of longer-term moving averages indicates a more pronounced bearish trend, particularly with the 55 SMA at $0.1925, which is down 2.39%.

The 1-hour RSI is currently at 46, suggesting a neutral to bearish momentum in the short term. The 7-day RSI at 49 also supports this sentiment, indicating that Jupiter is approaching an oversold condition but has not yet reached it, suggesting potential for further downside in the short term.

In terms of price performance, Jupiter has decreased by 12.39% over the past week and 15.66% over the last 30 days, which illustrates a significant downtrend. The recent all-time high of $2 reached on January 31, 2024, appears increasingly distant, further emphasizing the current bearish trend.

Considering the ongoing downward pressure, lack of bullish momentum in technical indicators, and recent price performance, the outlook for JUP remains negative. Therefore, the recommendation is to Sell at this time as further declines seem likely in the near term, with the potential for better entry points once a more stable support level is established.