Ondo US Dollar Yield (USDY) is currently priced at $1.10, experiencing a slight decline of 0.41% over the past 24 hours. The daily price range has been relatively tight, with a high of $1.11 and a low of $1.094, indicating low volatility in the current trading environment.

Volume stands at 222,886, reflecting a modest 0.03% of the market cap, which suggests limited trading activity. The short-term moving averages are all trending slightly downwards, with the 8, 13, and 21 SMA all registering declines of around 0.5%, further indicating bearish momentum.

The 1-hour RSI is at 41, approaching the oversold territory, suggesting potential for a short-term rebound. However, the 7-day RSI sits at 49, implying a neutral momentum overall, with a lack of strong buying or selling pressure over the past week.

In terms of price performance, USDY has shown a slight decline of 0.31% over the past week, but a more positive trend is visible over the last 14 and 30 days, with increases of 0.55% and 0.76%, respectively. The all-time high of $1.26 reached on March 27, 2024, suggests that the asset still retains potential for upward movement relative to its current price.

Given the current technical indicators and price trends, USDY exhibits signs of short-term bearishness but with potential for recovery due to its proximity to oversold conditions. Therefore, the recommendation is to Hold USDY, monitoring for signs of a reversal as it approaches critical support levels.