Ondo US Dollar Yield (USDY) is currently priced at $1.094, reflecting a 24-hour change of -0.94%. The daily trading range has been minimal, with a high of $1.11 and a low matching the current price, indicating low volatility in recent sessions.

The trading volume stands at 836,455, contributing to a low market cap percentage of 0.12%. The hourly and moving averages (SMA) all hover around $1.10, with minor downward trends across short-term averages, suggesting selling pressure is present.

The 1-hour RSI is at 35, signaling that USDY may be oversold in the short term, while the 7-day RSI at 48 indicates a neutral momentum. The price changes over the last 7, 14, and 30 days are all negative, further emphasizing the recent downtrend and lack of bullish momentum.

Despite reaching an all-time high of $1.26 in March 2024, the current price is considerably below that peak, which could indicate potential for rebound but also reflects current market weakness. The lack of significant bullish indicators suggests that traders should exercise caution.

Given the persistent downtrend, low trading volume, and oversold RSI conditions, a cautious approach is warranted. Therefore, the recommendation for USDY is to Hold, monitoring for potential upward momentum or further declines in the near term.