Render (RENDR) is currently trading at $1.69, reflecting a significant 6.67% decline over the last 24 hours. The price has experienced a daily range of $1.67 to $1.85, indicating a volatile trading session with a narrow daily range of just 0.18%.

Trading volume stands at approximately 121.97 million, equating to a volume-to-market cap ratio of 13.89%. This relatively high volume suggests active trading interest, although the price decrease indicates bearish sentiment prevailing in the short term.

Technical indicators show that the hourly moving averages are trending downwards, with the 8 SMA at $1.73, down 2.08%, and the 144 SMA at $1.90, down 11.07%. The 1-hour RSI is critically low at 22, indicating oversold conditions, while the 7-day RSI at 42 suggests a lack of upward momentum.

From a broader perspective, Render's price has decreased by nearly 17% over the past week and approximately 25% over the last 14 days, indicating a pronounced downtrend. However, the 30-day price change of +31.17% indicates potential for recovery, driven by prior upward momentum.

Considering the all-time high of $13.53 reached in March 2024, Render has substantial room for growth if market conditions stabilize. Nonetheless, the current bearish trend, supported by negative RSI readings and declining moving averages, suggests that caution is warranted.

In conclusion, while the current price may present a potential entry point for long-term investors, the prevailing bearish sentiment and technical indicators suggest a more prudent approach. Therefore, the rating for Render (RENDR) is a Hold, as immediate downside risk appears higher than potential short-term gains.