Ondo US Dollar Yield (USDY) is currently priced at $1.11, showing a slight 24-hour decline of -0.03106%. The daily price range is narrow, with a high of $1.12 and a low of $1.09, indicating low volatility in the short term, reflected by a volume of 176,507 which represents only 0.03% of its market cap.

Technical indicators suggest a stable price action, as all hourly moving averages are aligned at $1.11, with minor positive trends across the short and medium terms (8 SMA +0.36%, 13 SMA +0.22%). The 1-hour RSI at 52 and the 7-day RSI at 50 indicate that the asset is in neutral territory, showing neither overbought nor oversold conditions.

Over the past week, USDY has recorded a price change of approximately 0.19%, while the 14-day change is around 0.29%, suggesting some bullish momentum, albeit weak. The 30-day price change is minimal at 0.02%, which reflects a period of consolidation and limited trading activity.

The all-time high for USDY was $1.26 on March 27, 2024, indicating potential upside if the asset can regain momentum. However, the current price of $1.11 is still significantly below this peak, leaving room for growth if market conditions improve.

Given the low volatility, neutral RSI readings, and minor price changes, USDY appears to be in a consolidation phase. Based on this analysis, the recommendation is to Hold USDY, as there is no immediate catalyst for a significant price movement in either direction, and investors may want to wait for clearer signals before making additional trades.