Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a slight 24-hour decline of 0.169%. The daily price range has been tight, fluctuating only between $1.10 and $1.11, indicating low volatility and a stable price environment.

The trading volume stands at 738,410, contributing to a market cap turnover of 0.11%, which suggests relatively low trading activity compared to its overall market capitalization. The hourly moving averages are all aligning at $1.11, with a positive trend across the short to medium-term SMA indicators, indicating a potential for upward momentum.

Technical indicators support this analysis, with the 1-hour RSI at 53 and the 7-day RSI at 51, suggesting the asset is neither overbought nor oversold. The 7-day price change shows a minor decline of 0.57%, but the 14-day and 30-day price changes indicate a stronger recovery of 0.78% and 1.12%, respectively, suggesting a potential bullish trend in the longer term.

The all-time high of $1.26 reached in March 2024 remains a key resistance level, and the current price sits approximately 11.9% below this mark. Given the current stability in price, aligned moving averages, and positive longer-term trends, the market sentiment appears cautiously optimistic.

Considering the overall technical setup and fundamental stability, I recommend a Buy rating for USDY. The combination of supportive moving averages and the potential for recovery towards historical highs supports this bullish outlook.