Render (RENTER) is currently trading at $1.35, reflecting a slight 24-hour decline of 1.29%. The daily price range has been narrow, oscillating between a low of $1.34 and a high of $1.40, indicating limited volatility in the short term.

The volume of 42,688,992 represents 6.10% of the market cap, suggesting moderate trading activity that could impact price movements. However, the 1-hour RSI at 31 indicates a potential oversold condition, while the 7-day RSI at 44 shows bearish momentum, implying continued selling pressure.

Short-term moving averages are all indicating negative momentum, with the 8 SMA at $1.36 down 1.02% and the 21 SMA at $1.37 down 1.41%. In contrast, the 144 SMA at $1.45 suggests that there is a significant resistance level above the current price, further reinforcing the bearish sentiment.

Over the past week, RENDER has decreased by approximately 10.39%, and the 14-day and 30-day price changes of -29.45% and -42.00% respectively highlight a significant downtrend. This extended decline from the all-time high of $13.53, reached in March 2024, indicates that market sentiment has shifted negatively, affecting investor confidence.

Given the current technical indicators and the overall bearish trend, RENDER is likely to face further downside potential in the near term. Therefore, a rating of Sell is recommended, as the lack of bullish signals and the prevailing negative momentum suggest that the asset may continue to decline before finding a stable support level.