Aave (AAVE) is currently priced at $165.21, reflecting a slight decline of 0.85% over the last 24 hours. The price has fluctuated between $161.57 and $171.13 in this period, indicating a daily range of 9.56%, with a trading volume of approximately $317.5 million, representing 12.69% of its market cap.

The short-term moving averages present a mixed signal, with the 8 SMA showing a slight positive trend at $164.09 while the longer SMAs indicate a downward trajectory. Specifically, the 21 SMA at $166.39 and 55 SMA at $166.26 are both trending negatively, suggesting potential resistance at these levels.

The Relative Strength Index (RSI) readings provide additional context, with a 1-hour RSI at 35 indicating oversold conditions, while the 7-day RSI at 46 suggests that the asset is approaching neutral territory. However, the negative price change over the last 30 days of approximately 15.84% signals a bearish trend, which could weigh on short-term performance.

Fundamentally, Aave has seen a price increase of 10.54% over the last 14 days, which indicates some resilience despite the recent downward pressure. However, the overall trend remains bearish when considering the longer-term performance, particularly against its all-time high of $661.69 from May 2021.

Given the current technical indicators and the negative price momentum over the past month, a cautious approach is warranted. Therefore, the recommendation is to Hold AAVE for the time being, monitoring for signs of stabilization or reversal before considering new positions or exits.