Render (ticker: RENDER) is currently priced at $2.18, reflecting a 24-hour decline of approximately 2.82%. The asset has experienced a daily range with a high of $2.29 and a low of $2.18, indicating a relatively narrow trading range of 0.11%.

The trading volume stands at 65,707,488, which translates to a volume-to-market cap ratio of 5.79%. This level of trading activity suggests moderate investor interest, though the declining price trend may indicate selling pressure outweighing demand.

Technical indicators show that the short-term moving averages (8, 13, and 21 SMA) are all below the current price, suggesting a bearish sentiment in the short term. The longer moving averages (55 and 144 SMA) are also showing negative trends, with the 144 SMA significantly lower at $2.32, reinforcing the lack of bullish momentum.

The Relative Strength Index (RSI) readings are at 42 for both the hourly and the 7-day periods, indicating that the asset is approaching oversold conditions but is not yet in that territory. The 7-day price change is down 5.15%, while the 14-day change shows a positive 19.43%, which indicates a potential divergence in short-term and longer-term trends.

Render's price has seen a substantial increase of nearly 82% over the past 30 days, suggesting that the asset is in a corrective phase following that rally. However, the all-time high of $13.53 reached in March 2024 shows significant potential for growth, although current market conditions must be addressed.

Given the current bearish trends indicated by both price action and moving averages, alongside the RSI readings suggesting a lack of momentum, the outlook for RENDER in the short term appears negative. Therefore, the recommendation is to Hold, as a further decline could present a better entry point for potential bullish reversals when the market sentiment shifts.