Render (REN) is currently priced at $1.30, showing a 24-hour decline of 4.82%. The daily trading range is tight, with a high of $1.40 and a low of $1.31, indicating limited volatility in the short term.

The trading volume of 47,511,807 reflects a volume-to-market cap ratio of 7.02%, suggesting healthy liquidity. However, the bearish trend is underscored by the 1-hour RSI of 32, indicating oversold conditions, while the 7-day RSI at 44 remains below neutral, confirming a lack of momentum.

Short-term moving averages are consistently showing declines, with the 8 SMA and 13 SMA both at $1.35, down approximately 4%. The 21 SMA and 55 SMA show deeper retracements at $1.37, down 4.90% and 5.18%, respectively, reflecting ongoing bearish pressure.

Fundamentally, Render has seen significant price deterioration, with a 7-day price change of -15.21% and a staggering 30-day decline of -44.36%. This ongoing downtrend raises concerns about market sentiment and demand for the asset, particularly given its all-time high of $13.53 reached in March 2024.

Considering the current technical indicators and negative price trends, Render does not exhibit signs of a bullish reversal at this time. Therefore, the recommendation is to hold RENDER, as the market may need further consolidation and positive signals before initiating any buying activity.