Render (RENDE) is currently trading at $1.56, reflecting a significant decline of 6.76% over the last 24 hours. The daily price range indicates volatility, with a high of $1.72 and a low of $1.45, suggesting bearish sentiment among traders.

Volume stands at approximately 125.98 million, which corresponds to a Vol/Market Cap ratio of 15.57%, indicating robust trading activity relative to its market capitalization. However, the hourly moving averages indicate a bearish trend, with all significant SMAs (8, 13, 21, 55, and 144) below the current price, reinforcing the downward momentum.

The 1-hour Relative Strength Index (RSI) is at an extreme low of 17, indicating strong oversold conditions. Conversely, the 7-day RSI is at 42, suggesting that while the asset is not yet oversold on a longer timeframe, it remains vulnerable to further downside.

Over the past week, Render has seen a significant decline of 22.26%, and its 14-day price change is even more alarming at -29.72%. Despite a positive shift over the last 30 days, with a 13.51% increase, the recent trends signal potential weakness.

The all-time high for Render stands at $13.53, achieved in March 2024, indicating a substantial potential upside from the current price level. However, the prevailing bearish indicators and RSI levels suggest that the market is currently favoring sellers.

Given the current technical indicators, including the bearish moving averages and oversold RSI, alongside recent negative price momentum, the recommendation for Render is to hold. The price action suggests a possible consolidation phase before any upward movement can be confirmed, making it unwise to enter new positions at this time.