Render (RENDER) is currently trading at $1.40, reflecting a 24-hour decline of 5.07%. The price has fluctuated between a high of $1.50 and a low of $1.39, suggesting a tight daily range of 0.11%, which indicates low volatility during this period.

The trading volume stands at approximately 42.54 million, with a volume-to-market cap ratio of 5.84%. Moving averages reveal a bearish trend; the 8-hour SMA is at $1.41, while the 55-hour SMA indicates further weakness at $1.46, showing consistent downward momentum across multiple timeframes.

The 1-hour RSI is at 27, indicating that RENDER is oversold in the short term, while the 7-day RSI sits at 48, reflecting a neutral stance but closer to bearish territory. Over the past week, RENDER has experienced a price drop of 5.91%, and its 30-day price change is a significant decline of 24.28%.

Despite the current price being significantly lower than its all-time high of $13.53 reached in March 2024, the lack of upward momentum and the prevailing bearish indicators suggest caution. Given the combination of short-term oversold conditions and sustained downward price trends, a hold rating is recommended.

Holding RENDER may allow traders to assess potential recovery or further decline, as immediate buying presents risks in the current market environment. Maintain a close watch on market conditions and any shifts in volume or price action before making new commitments.