Render (RENDER) is currently trading at $1.74, reflecting a significant 24-hour decline of 11.27%. The price has fluctuated between a 24-hour high of $1.97 and a low of $1.72, indicating a daily range of just 0.25%, suggesting reduced volatility.

The trading volume stands at approximately $117.28 million, representing 12.99% of the market cap, which indicates a healthy level of trading activity. However, the short-term moving averages show bearish trends, with the 8 SMA at $1.80 down 3.38%, and the 55 SMA at $1.87 down 7.08%, indicating downward momentum over various timeframes.

The 1-hour RSI is extremely low at 23, suggesting that RENDER is significantly oversold in the very short term. In contrast, the 7-day RSI at 42 suggests that the asset is nearing the oversold territory but does not yet indicate a strong reversal signal.

Over the past week, RENDER has decreased by approximately 13.76%, and the 14-day price change shows a decline of 20.56%, reflecting a bearish trend. However, the 30-day price change of 34.73% indicates a notable recovery from previous lows, suggesting potential for long-term bullish sentiment if current pressures subside.

Given the recent sharp decline and oversold conditions reflected in the RSI, there is potential for a short-term rebound. However, the overarching trend appears to be bearish as indicated by the moving averages and recent price action.

In conclusion, a Hold rating is advised for RENDER at this point. While oversold conditions may prompt a short-term recovery, the prevailing bearish indicators suggest caution before considering new positions.