Aave (AAVE) is currently trading at $105.28, reflecting a significant 24-hour decline of 11.05%. The price has fluctuated between a daily high of $119.21 and a low of $105.33, indicating a daily range of 13.88% which suggests heightened volatility.

Trading volume stands at approximately $276.11 million, representing a volume-to-market cap ratio of 17.29%. This level of trading activity could indicate increased investor interest or panic selling, particularly given the recent price drop.

Short-term moving averages are all indicating bearish trends, with the 8 SMA at $112.26 showing a decline of 6.21%. The continued descent across various moving averages (13 SMA at -6.29%, 21 SMA at -7.44%, 55 SMA at -8.55%, and 144 SMA at -9.22%) further emphasizes a weakening market sentiment.

The 1-hour RSI is notably low at 16, suggesting that AAVE is oversold in the very short term. Meanwhile, the 7-day RSI at 44 indicates that the asset is nearing oversold territory but has not yet reached a reversal point, as it remains above the critical threshold of 30.

On a longer-term perspective, AAVE has seen price declines of 12.72% over the past week, 17.08% over the past two weeks, and a steep 32.17% over the last month. The significant drop from its all-time high of $661.69 in May 2021 highlights the asset's ongoing struggles in the current market environment.

Given the bearish indicators from both technical and fundamental perspectives, AAVE appears to be in a downtrend, with no clear signs of a reversal at this moment. The combination of low RSI values, declining moving averages, and substantial recent price drops suggests that the asset may continue to face downward pressure.

Based on this analysis, a Sell rating is warranted for AAVE. Investors should consider exiting positions or avoiding new investments until clear bullish signals emerge, as current conditions indicate further downside risk.