Render (RENDER) is currently priced at $1.29, reflecting a significant decline of 12.20% over the past 24 hours. The trading range has been relatively tight, with a daily high of $1.47 and a low of $1.17, suggesting limited volatility despite the price drop.

The volume traded in the last 24 hours stands at 168,308,789, which represents 25.20% of the market cap, indicating strong liquidity. However, the negative price momentum is corroborated by a 7-day RSI of 42, suggesting that the asset is approaching oversold conditions, yet not quite there, which may lead to further downside in the short term.

Technical indicators show bearish sentiment with the hourly moving averages; the 8 SMA at $1.26 indicates a short-term bullish trend, but this is overshadowed by the longer-term averages. The 21 SMA at $1.33 and 55 SMA at $1.45 reflect more pronounced downward pressure, with these averages down 3.27% and 11.15%, respectively.

The price has shown a steep decline over the last 30 days, down approximately 44.94%, which signals a trend of sustained selling pressure. Additionally, the all-time high of $13.53 achieved on March 17, 2024, highlights the substantial distance RENDER has fallen from its peak, emphasizing the need for caution.

In conclusion, while RENDER may be exhibiting some short-term bullish signals, the overall trend remains bearish with significant resistance levels overhead. Therefore, the recommendation is to Hold at this stage, as further analysis is warranted to determine if a reversal is imminent or if additional downside is likely in the near term.