Aave (AAVE) is currently trading at $157.15, reflecting a 24-hour change of -1.35%. The daily range shows significant volatility, with a high of $161.43 and a low of $155.82, indicating a daily movement of 5.61%.

The volume stands at approximately $330.7 million, with a volume-to-market cap ratio of 13.86%, suggesting healthy trading activity. However, the short-term trend is bearish, as indicated by the hourly moving averages, where all SMAs are trending down, particularly the 144 SMA at $165.28, which is down 4.92%.

The 1-hour RSI at 33 indicates that AAVE is approaching oversold conditions, while the 7-day RSI at 42 suggests weak momentum but not yet in oversold territory. Over the past week, AAVE has declined by 7.60%, further supporting the bearish sentiment, alongside a 14-day decline of 4.74%.

Looking at the longer-term trend, AAVE has shown a modest increase of 4.32% over the past 30 days, which is inconsistent with the recent downturn. The all-time high of $661.69 from May 2021 remains a significant psychological barrier, emphasizing the distance AAVE must cover to regain bullish momentum.

In conclusion, while AAVE is experiencing short-term selling pressure and technical indicators reflect bearish momentum, the healthy trading volume suggests some investor interest. Therefore, the recommendation is to Hold AAVE for now, as the price may stabilize and offer a better entry point for potential long-term gains once the market sentiment improves.