Aave (AAVE) is currently trading at $156.36, reflecting a 24-hour change of -1.99%. The daily price action has shown a high of $159.96 and a low of $153.19, resulting in a daily range of 6.77%, indicating moderate volatility.

The trading volume stands at approximately $249.4 million, with a volume-to-market cap ratio of 10.51%. This suggests a healthy trading activity, but the declining price and volume metrics indicate a potential lack of bullish momentum in the short term.

Examining the hourly moving averages reveals a mixed sentiment: the 8 SMA and 13 SMA show slight bullish momentum at +0.87% and +0.94%, respectively, while the 21 SMA is nearly flat at +0.05%. In contrast, the 55 SMA and 144 SMA are in negative territory at -2.87% and -7.40%, suggesting a longer-term bearish trend.

The 1-hour RSI is at 50, indicating a neutral sentiment, whereas the 7-day RSI is at 40, suggesting the asset is approaching oversold territory. This could indicate potential for a bounce, but the negative 7-day price change of -11.59% and the 14-day change of -9.66% reflect significant downward pressure.

Given the current price is well below the all-time high of $661.69, the long-term outlook remains bearish as Aave struggles to regain previous highs. The recent price trends combined with technical indicators suggest further downside risk before any potential recovery.

Considering the current market conditions, Aave (AAVE) is rated as a Sell. The asset's inability to maintain upward momentum, coupled with the negative trends in RSI and recent price declines, indicates a challenging market environment that is not conducive to short-term gains.