Jupiter (JUP) is currently priced at $0.227308, reflecting a significant decline of 7.60% over the last 24 hours. The asset has fluctuated between a 24-hour high of $0.254167 and a low of $0.227272, indicating a tight daily trading range of approximately 0.0269%.

Trading volume stands at 32,408,241, equating to a volume-to-market cap ratio of 4.53%, which suggests moderate interest among traders despite the recent price drop. The hourly moving averages show a consistent downward trend, with the 8 SMA at $0.2514 down 9.59%, indicating bearish momentum across shorter time frames.

The 1-hour Relative Strength Index (RSI) is extremely low at 18, signaling that JUP is significantly oversold, which could lead to a potential rebound. Conversely, the 7-day RSI at 45 suggests that while the asset is nearing oversold territory, it has not yet reached a critical reversal point.

Over the past week, JUP has seen a price decrease of 5.54%, and it has significantly underperformed over the last 14 days with a drop of 17.58%. The 30-day price change reveals a stark decline of 43.74%, indicating a sustained downtrend that investors must consider before taking positions.

Despite the current oversold condition, the overall trend remains negative, with all moving averages indicating downward pressure. Moreover, the all-time high of $2 reached in January 2024 feels increasingly distant, as the current price is approximately 88.61% below that level, raising concerns about long-term investor sentiment.

Given the bearish technical indicators and the significant price drops over the past month, the recommendation is to Hold JUP at this time. While there may be potential for short-term recovery due to oversold conditions, the prevailing trend suggests caution until clearer bullish signals emerge.