Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a 24-hour change of 0.06535%. The daily range has remained tight, with a high of $1.11 and a low of $1.094, indicating low volatility in the short term.

Trading volume stands at 319,773, contributing to a market cap volume ratio of 0.05%. The hourly moving averages show a slight upward trend, with the 8, 13, 21, 55, and 144 SMAs all clustering around $1.10 and showing positive changes, which may suggest bullish momentum in the immediate term.

The 1-hour Relative Strength Index (RSI) is at 56, indicating a neutral to slightly bullish momentum, while the 7-day RSI is at 51, suggesting that the price is neither overbought nor oversold. However, the longer-term price changes over the past 7, 14, and 30 days have all been negative, indicating a bearish trend in the medium term.

The all-time high for USDY was recorded at $1.26 on March 27, 2024, which represents a significant potential upside from the current price. However, the ongoing negative price changes suggest that the asset may face resistance as it approaches higher levels.

Given the current indicators, including the mixed momentum signals and recent negative price trends, a cautious approach is warranted. The immediate short-term outlook shows potential for slight gains, but the medium-term weakness suggests a Sell rating to avoid potential further declines.