Aave (AAVE) is currently trading at $111.92, reflecting a 24-hour change of -2.94%. The daily range is significant at 10.18%, indicating volatility, with a 24-hour high of $121.20 and a low of $111.02.

Volume stands at approximately $313.37 million, contributing to a volume-to-market cap ratio of 18.43%. The technical indicators, particularly the hourly moving averages, show a downward trend with the 8 SMA at $112.55 and declining through the longer SMAs, suggesting bearish momentum.

The one-hour RSI is at a low 21, indicating that AAVE may be oversold in the short term. Conversely, the 7-day RSI at 47 suggests a more neutral position, while the 30-day price change of -28.57% highlights a prolonged bearish trend.

Given the significant price decline over the past month and the current market sentiment, AAVE is struggling to maintain upward momentum. The recent price action combined with the bearish moving averages suggests further downside potential.

Considering the current indicators and market dynamics, a cautious approach is warranted. Therefore, the recommendation for Aave (AAVE) is to Hold, allowing for potential stabilization or recovery before making further investment decisions.