Render (ticker: RENDER) is currently trading at $1.82, reflecting a 24-hour decline of 5.31%. The price has fluctuated within a narrow range, hitting a high of $2 and a low of $1.81, with a daily range of just 0.19%, indicating low volatility.

Volume over the past 24 hours stands at approximately 105.37 million, corresponding to 11.18% of the market cap. This volume suggests a lack of strong buying or selling pressure, which may contribute to the recent downward price movement.

Technical indicators show that all hourly moving averages are indicating bearish trends, with the 8 SMA at $1.90 down 4.10% and the 21 SMA at $1.92 down 5.43%. The 1-hour RSI is at 31, indicating that RENDER is currently in oversold territory, while the 7-day RSI of 44 suggests a weak momentum but not yet oversold.

From a longer-term perspective, RENDER has experienced a price decline of 12.07% over the past week and 18.61% over the last 14 days. However, the 30-day change shows a positive increase of 39.71%, indicating a potential recovery phase that may be impacted by recent market sentiment.

The all-time high for RENDER was reached at $13.53 on March 17, 2024, which highlights significant volatility potential. Given the current price's substantial distance from this all-time high, investor sentiment may be cautious.

Overall, the current indicators point towards continued selling pressure in the short term, compounded by negative price movements. Therefore, the recommendation is to Hold RENDER at this time, as it may be prudent to wait for clearer bullish signals or a reversal in sentiment before considering additional positions.