Render (ticker: RENDER) is currently trading at $1.40, reflecting a 24-hour decline of 5.82%. The price has oscillated between a high of $1.49 and the current low, indicating a lack of upward momentum in the short term.

The trading volume stands at approximately 36.2 million, representing 4.97% of the market cap, suggesting moderate interest from traders. The hourly moving averages indicate a bearish trend, with the 8, 13, 21, and 55 SMA all showing declines between 2.47% and 4.93%, further confirming the downward pressure on the asset.

The 1-hour RSI is notably low at 26, indicating that RENDER may be oversold in the immediate term. Conversely, the 7-day RSI at 49 suggests a neutral stance, with price changes over the last week down by 1.89%, while the 14-day change shows a slight recovery of 0.43%.

The 30-day price trend has been sharply negative, down 30.76%, which reflects a longer-term bearish sentiment. With the all-time high at $13.53 reached in March 2024, RENDER still has significant room for growth, but current market conditions do not support a bullish outlook.

Based on the technical indicators and recent price action, a Hold rating is appropriate for RENDER at this time. The asset shows potential for recovery in the long term, but immediate bearish trends and oversold conditions warrant caution in further investments.