Aave (AAVE) is currently trading at $124.24, reflecting a significant 10.00% decrease in the past 24 hours, with a daily trading range of 18.04%. The price has fluctuated between a high of $139.06 and a low of $121.02, indicating heightened volatility and potential market uncertainty.

The trading volume stands at $472,174,869, with a volume-to-market cap ratio of 25.04%, suggesting that the current trading activity is relatively robust compared to its market capitalization. Short-term moving averages are all negative, with the 8 SMA at $133.11 down 6.67%, and the longer-term averages also showing declining trends, indicating bearish sentiment in the market.

The 1-hour Relative Strength Index (RSI) is extremely low at 10, suggesting that AAVE is oversold in the short term. Meanwhile, the 7-day RSI at 41 indicates a neutral position, while both the 14-day and 30-day price changes of -28.89% and -15.81% respectively highlight a substantial downward trend over the past two weeks.

Historically, AAVE reached its all-time high of $661.69 in May 2021, underscoring a significant drop of approximately 81.2% from its peak. Current market conditions and technical indicators suggest continued bearish momentum, which could lead to further price declines before a potential recovery.

Given the combination of high volatility, negative moving averages, and extremely low short-term RSI, the recommendation for AAVE is to Hold. This stance is warranted as the asset may experience short-term fluctuations, but the overall bearish trend suggests waiting for more favorable technical signals before considering a Buy.