Aave (AAVE) is currently trading at $170.73, experiencing a 3.98% increase over the last 24 hours. The daily range has been significant, with a high of $171.40 and a low of $161.57, indicating volatility that can be leveraged for trading opportunities.

Volume stands at approximately $385.84 million, reflecting a healthy trading activity with a volume-to-market cap ratio of 14.88%. The hourly moving averages show positive momentum, with the 8 SMA at $165.92 and the 21 SMA at $165.07, both indicating upward trends, reinforcing a bullish sentiment in the short term.

The 1-hour RSI is at 70, suggesting that AAVE may be overbought in the very short term. Conversely, the 7-day RSI at 50 indicates a neutral stance, while the 14-day price change reflects a robust increase of 12.96%, hinting at stronger bullish momentum over a two-week horizon.

However, the 30-day price change of -12.23% raises concerns about potential resistance levels and indicates that AAVE has been underperforming over a longer timeframe. The all-time high of $661.69 serves as a significant resistance point, and the current price is still substantially lower, suggesting room for recovery but also caution against overextending positions.

Given the current bullish indicators in the short term, coupled with the recent upward movement and solid volume, a Buy rating is warranted. However, investors should monitor the RSI levels closely and be prepared for possible pullbacks, particularly given the longer-term bearish trend reflected in the 30-day change.