Aave (AAVE) is currently priced at $163.91, reflecting a marginal 24-hour change of 0.27206%. The daily trading range has shown volatility, with a high of $165.92 and a low of $161.64, resulting in a daily range of 4.28%.

The trading volume over the past 24 hours stands at approximately $238.46 million, representing 9.59% of the market cap. The hourly moving averages indicate mixed trends, with the 8 SMA at $164.28 showing a slight decline of 0.23%, while the 13 SMA at $163.88 has increased by 0.02%, suggesting short-term indecision among traders.

The 1-hour RSI is positioned at 56, indicating neutral momentum, while the 7-day RSI is lower at 43, suggesting bearish sentiment over the past week. Additionally, AAVE has seen price declines of 1.01% over the last week, 4.80% over the past two weeks, and a significant drop of 8.40% over the last 30 days, indicating ongoing weakness in the medium-term trend.

The asset remains significantly below its all-time high of $661.69, reached on May 18, 2021, highlighting the considerable market correction since then. This long-term price action, combined with current performance metrics, suggests that AAVE has not yet established a strong upward trajectory.

Given the current technical indicators, including the mixed moving averages and bearish RSI readings, the recommendation for AAVE is to Hold. This stance is based on short-term stability but recognizes the potential for further declines if the bearish sentiment continues to dominate in the medium term.