Aave (AAVE) is currently trading at $123.68, reflecting a notable 6.90% increase over the past 24 hours. The price movement has established a daily range of 10.53%, with the high reaching $123.79 and the low at $113.26, indicating healthy volatility.

The trading volume stands at approximately $399 million, representing 21.24% of the market capitalization. This volume suggests strong market interest, especially given the recent price surge, which could indicate a bullish sentiment among traders.

Short-term moving averages are all positioned above their corresponding values, with the 8 SMA at $116.98 and the 55 SMA at $115.27, suggesting a positive trend. However, the 1-hour RSI at 74 indicates that the asset may be overbought in the short term, which could lead to a price correction.

In contrast, the 7-day RSI at 51 indicates a neutral position, while the 14-day price change of +16.41% points to a recovery trend after a more extended downtrend. The 30-day price change of -19.46% reflects significant volatility, emphasizing the importance of monitoring market conditions closely.

Despite the positive short-term momentum, the substantial drop over the last 30 days and current overbought conditions suggest caution is warranted. Therefore, the recommendation for Aave (AAVE) is to Hold, as traders should assess further developments before committing to additional positions.