Render (CRYPTO:RNDR) has experienced a significant 25% price decline over the past month, trading at its lowest since May 5 at $8.46.

Despite this, the Market Value to Realized Value (MVRV) ratio suggests a buying opportunity, as the metric indicates that RNDR is currently undervalued.

The daily ratio of profitable RNDR transactions remains high, with a value of 1.31, showing continued returns for holders.

However, technical indicators, such as the MACD, suggest that the bears still dominate the market, signaling caution for potential buyers. If bearish trends persist, RNDR's value could drop further to around $5.65.