Aave (AAVE) is currently priced at $111.05, reflecting a 24-hour change of -1.91%. The daily trading range has been relatively tight, with a high of $114.80 and a low of $110.92, indicating a volatility of 3.88% within the last day.

Trading volume stands at approximately $325.67 million, translating to a volume-to-market cap ratio of 19.33%, suggesting healthy liquidity. However, the downward price trend is evident over the past week with a 7-day price change of -12.23% and a significant decline of -32.93% over the last 30 days.

From a technical perspective, the short-term moving averages are all below the current price, indicating bearish sentiment. The 8 SMA at $112.73 and the 13 SMA at $112.93 reflect losses of -1.49% and -1.67%, respectively, while longer-term averages are even lower, indicating a persistent downward trend.

The relative strength index (RSI) metrics show that AAVE is in a neutral to slightly oversold state, with a 1-hour RSI of 43 and a 7-day RSI of 45. These levels suggest a lack of strong buying pressure, further corroborating the bearish trend observed in both short- and medium-term price movements.

Despite the current price being significantly lower than its all-time high of $661.69, which was reached in May 2021, the sustained decline over multiple time frames raises caution. The significant losses over the past two weeks and month indicate a lack of momentum and investor confidence, making it essential to closely monitor for potential signs of recovery.

In summary, the combination of declining price trends, bearish technical indicators, and weak RSI readings suggests further downside risk for AAVE. Therefore, the recommendation is to Sell, as the current market conditions do not support a bullish outlook in the immediate term.