Render (RENDER) is currently priced at $3.78, reflecting a 24-hour decline of 4.19%. The daily trading range has been relatively tight, with a high of $3.98 and a low of $3.73, indicating a lack of volatility that often accompanies bearish sentiment.

The volume of 79,427,125 suggests a moderate level of trading activity, with a volume-to-market cap ratio of 4.06%. However, the recent price action reveals a negative trend over various timeframes, including a 15.35% decline over the past week and a more substantial 21.78% drop over the last two weeks, indicating sustained selling pressure.

Technical indicators show bearish momentum, with the 1-hour RSI at 29, suggesting the asset is oversold in the short term. Meanwhile, the longer-term RSI of 45 indicates that momentum is still weak but not yet in oversold territory, which could signal potential consolidation before further declines.

Moving averages also reflect bearish sentiment, as all key SMAs are above the current price, with the 55 SMA at $3.95 representing a significant resistance level. The 144 SMA at $3.92 further corroborates the downward trend, as it sits well above the current market price.

Given the significant price drops over the past 30 days and persistent selling pressure reflected in both the RSI and moving averages, the outlook for RENDER is currently negative. With no clear signs of a reversal and resistance levels positioned above the current price, a Sell rating is warranted to mitigate potential losses.