Aave (AAVE) is currently priced at $112.79, reflecting a 24-hour decline of 6.47%. The daily trading range of 10.93% indicates significant volatility, with a high of $123.79 and a low of $112.86, suggesting market uncertainty.

Volume has been robust at approximately $779 million, with a volume-to-market cap ratio of 45.47%, indicating healthy trading activity. The short-term moving averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, 144 SMA) are all trending downward, reflecting bearish sentiment as they exhibit losses ranging from -2.67% to -5.25%.

The 1-hour RSI is at 24, suggesting that AAVE is significantly oversold, while the 7-day RSI at 47 indicates it is approaching neutral territory. However, the 7-day price change shows a decline of 8.04%, and the 30-day price change is notably negative at -26.51%, reflecting a longer-term bearish trend.

Despite the recent downturn, the 14-day price change is slightly positive at 2.64%, indicating potential short-term recovery. However, given the overall trend of declining prices and the bearish signals from both RSI metrics and moving averages, caution is warranted.

In conclusion, the current technical indicators and the recent price action suggest a bearish outlook for AAVE. Therefore, the recommendation is to Hold, as the potential for a short-term bounce exists, but the longer-term trend remains unfavorable.