Aave (AAVE) is currently priced at $112.34, experiencing a 24-hour decline of 1.68%. The daily price range has been significant at 9.14%, with a high of $121.20 and a low of $112.06, indicating volatility that may attract traders looking for short-term opportunities.

Trading volume stands at approximately $356 million, which represents 20.85% of its market cap, suggesting a robust level of trading activity relative to its overall size. However, the 1-hour RSI of 32 indicates that AAVE is approaching oversold conditions, potentially signaling a bounce-back opportunity, while the 7-day RSI at 46 suggests a neutral short-term sentiment.

The moving averages show consistent downward pressure, with all key SMAs (8, 13, 21, 55, and 144) reflecting negative changes between 2.51% and 3.96%. This trend confirms bearish momentum in the short term, with a 7-day price change of -3.94% and a more significant 30-day drop of nearly 30%, indicating a prolonged downtrend that needs to be monitored closely.

Given the current technical indicators and the bearish sentiment reflected in the moving averages, Aave is not showing signs of a bullish reversal yet. Therefore, the recommendation is to Hold AAVE until clearer upward signals emerge, as the current market dynamics and recent performance suggest that a further decline could be possible before a recovery takes place.