Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a 2.81% increase over the last 24 hours. The price has experienced a daily range between $1.081 and $1.14, indicating a moderate level of volatility.

Volume traded over the last 24 hours is 252,496, with a volume-to-market cap ratio of 0.04%, suggesting relatively low trading activity compared to market capitalization. The hourly moving averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, and 144 SMA) are all stable at $1.11, showing minor upward momentum across different time frames.

The 1-hour Relative Strength Index (RSI) is at 50, indicating a neutral market condition, while the 7-day RSI at 52 suggests slight bullish sentiment. Price changes over the past week and two weeks show increases of approximately 2.07% and 1.98%, respectively, while the 30-day price change is marginal at 0.02%.

USDY's all-time high of $1.26 was recorded on March 27, 2024, suggesting potential for price recovery towards that level, though current prices remain below it. The stability in moving averages alongside modest RSI readings indicates consolidation, which can be a precursor to future upward movements.

Given the current price dynamics, stable moving averages, and gradual increases in RSI indicators, USDY appears to be positioned for a potential upward trend. Therefore, the recommendation is to Buy USDY as it shows signs of recovery and momentum, with the prospect of approaching its all-time high.