Jupiter (JUP) is currently priced at $0.21117, experiencing a significant 24-hour decline of 7.19%. The price has oscillated between a high of $0.227519 and a low of $0.207192 within this timeframe, indicating increased volatility and a daily range of approximately 9.61%.

The trading volume over the last 24 hours stands at 67,577,869, contributing to a volume-to-market cap ratio of 9.92%. This suggests a moderate level of trading activity relative to the overall market cap, indicating investor interest but also potential selling pressure given the price drop.

Short-term moving averages reflect a bearish trend, with the 8 SMA and 13 SMA both showing declines of 0.56% and 0.58%, respectively. In contrast, the 55 SMA and 144 SMA indicate potential support levels with gains of 3.41% and 6.70%, suggesting that the price may stabilize around these averages.

The 1-hour RSI is at 44, indicating a slightly oversold condition, while the 7-day RSI at 54 suggests a neutral sentiment. The recent price changes show an 8.30% increase over the last week, but the 14-day change reflects a decline of 7.41%, illustrating a mixed performance in the mid-term.

Considering the all-time high of $2 achieved earlier this year, JUP remains significantly below this level, which may suggest a potential for recovery in the longer term. However, the current bearish momentum and declining short-term moving averages indicate that caution is warranted in the immediate term.

Based on this analysis, I recommend a Hold rating for JUP. While there are signs of potential support, the recent price decline and bearish moving averages suggest that waiting for a clearer trend reversal before entering a position would be prudent.