Aave (AAVE) is currently trading at $148.60, reflecting a slight decline of 1.35% over the last 24 hours. The price has fluctuated between $148.18 and $151.26 during this period, indicating a daily range of 3.08%, while the trading volume stands at approximately $151.49 million, equating to 6.72% of its market cap.

The short-term technical indicators show bearish momentum, with the 8, 13, and 21-period simple moving averages (SMAs) all trending downward. Notably, the 55 SMA at $150.62 and 144 SMA at $152.93 also indicate a persistent bearish trend, suggesting resistance levels are forming above current prices.

The Relative Strength Index (RSI) readings reveal that AAVE is approaching oversold territory, with an hourly RSI at 44 and a 7-day RSI at 47. Over the past week, the price has experienced a minor decline of about 0.15%, but the more concerning 14-day price change shows a significant drop of 20.98%, indicating a longer-term bearish trend.

Despite the current price being substantially lower than its all-time high of $661.69 from May 2021, the recent price action indicates consolidation within a lower range. The downward movement and resistance at higher SMAs suggest that bullish reversals may require substantial buying pressure to overcome the current bearish sentiment.

Given the bearish indicators across short and medium-term timeframes, alongside the substantial 14-day price decline, the outlook for AAVE is cautious. Therefore, the recommendation is to hold AAVE for the time being, monitoring for signs of reversal or a breakout above the current resistance levels before considering new positions or a buy rating.