Jupiter (JUP) is currently trading at $0.216775, reflecting a significant decline of 6.86% over the last 24 hours. The price has fluctuated between a high of $0.238291 and a low of $0.214856 during the same period, indicating heightened volatility with a daily range of 0.023435%.

Trading volume stands at 36,768,514, which constitutes 5.41% of the market cap, suggesting moderate interest from traders despite the price drop. The short-term moving averages are all trending downward, with the 8 SMA at $0.2205 and the 21 SMA at $0.2267, indicating bearish momentum and suggesting that downward pressure may continue.

The 1-hour RSI is at 30, signaling that JUP is oversold in the short term, while the 7-day RSI is at 44, indicating a lack of strong momentum either way. This is compounded by a 7-day price change of -14.53%, a 14-day change of -17.23%, and a staggering 30-day change of -38.93%, reflecting a prolonged bearish trend.

Considering JUP's all-time high was $2 on January 31, 2024, the current price represents a substantial drawdown, leading to potential value opportunities for long-term investors. However, the persistent downward trend in price and moving averages suggests that immediate recovery is uncertain.

Given the current technical indicators and market conditions, the recommendation for JUP is to Hold. This strategy allows investors to wait for clearer signs of reversal or support before making additional commitments, as the current bearish trend suggests further downside potential in the short to medium term.