Aave (AAVE) is currently priced at $192.47, experiencing a slight decline of 0.0326% over the past 24 hours. The daily range has been significant at 16.45%, with a high of $206.31 and a low of $189.86, indicating notable volatility in the market.

Volume is robust at approximately $438.77 million, representing 14.98% of the market cap, suggesting healthy trading activity. However, the hourly moving averages indicate a bearish trend, with the 8 SMA at $201.64 reflecting a 4.55% decline, and all shorter-term SMAs showing negative percentages, suggesting persistent selling pressure.

The 1-hour RSI stands at a concerning 25, signaling potential oversold conditions, while the 7-day RSI at 51 indicates neutrality in the medium term. Notably, the 7-day and 14-day price changes are positive, at 4.36% and 4.62% respectively, but the 30-day change shows a decline of 6.62%, hinting at a longer-term bearish sentiment.

Despite the recent minor recovery in the 7 and 14-day metrics, the technical indicators point towards continued selling pressure. The all-time high of $661.69 achieved in May 2021 remains far out of reach, reinforcing the sentiment that current prices may not sustain upward momentum without strong buying interest.

Given the combination of bearish short-term moving averages, a low hourly RSI, and a weak 30-day performance, a cautious approach is warranted. Therefore, the recommendation is to Hold AAVE at this time, as there may be better entry points for bullish momentum once selling pressure eases and market conditions stabilize.