Aave (AAVE) is currently trading at $163.87, reflecting a slight 24-hour decline of 1.39%. The price has fluctuated within a range of $161.69 to $168.78 in the past day, indicating a daily range of 7.09%.

Trading volume stands at 287,222,222, representing 11.55% of Aave's market capitalization, suggesting a moderately active trading environment. The hourly moving averages indicate a bearish trend with the 8 SMA at $164.08 and the 55 SMA significantly higher at $169.26, pointing to selling pressure in the short term.

The 1-hour RSI is at 42, suggesting that AAVE is nearing oversold conditions, while the 7-day RSI sits at 50, reflecting a neutral momentum over the past week. Despite a 10.40% price increase over the past week, the 30-day price change shows a decline of approximately 20.10%, highlighting recent weakness.

The significant distance from the all-time high of $661.69, reached on May 18, 2021, emphasizes the current undervaluation potential. However, technical indicators suggest that further downside may be possible before a reversal could occur.

Given the current bearish momentum, along with mixed RSI signals and a significant decrease over the last month, a cautious approach is warranted. Therefore, the recommendation is to Hold AAVE at this time, monitoring for signs of stabilization or bullish reversal patterns before making a more aggressive move.