Aave (AAVE) is currently priced at $105.94, reflecting a 24-hour decline of 2.25%. The daily trading range of 5.64% shows significant volatility, with a 24-hour high of $110.47 and a low of $104.83, indicating a bearish sentiment in the short term.

Volume stands at approximately $221.57 million, translating to a 13.77% volume-to-market cap ratio, which suggests moderate trading activity relative to its market capitalization. The short-term moving averages show a consistent downward trend, with the 8 SMA at $106.07 and declining progressively with longer-term SMAs, highlighting continued selling pressure.

The 1-hour RSI is at 31, indicating that AAVE is approaching oversold territory, while the 7-day RSI at 46 suggests that the asset is neither overbought nor oversold in a broader context. The 7-day, 14-day, and 30-day price changes of -16.40%, -34.51%, and -35.65%, respectively, underscore a strong bearish trend over the past month, which raises concerns about potential further declines.

Despite the current price being significantly lower than its all-time high of $661.69, the lack of bullish momentum and ongoing downtrends in both price and RSI indicate that a recovery might not be imminent. Therefore, with the current technical indicators and overall market sentiment pointing toward continued weakness, the recommendation for AAVE is to Hold, allowing investors to assess further developments before making significant decisions.