Ondo US Dollar Yield (USDY) is currently priced at $1.10, showing a 24-hour change of 1.34%. The trading range over the last day has been between $1.081 and $1.15, indicating a relatively stable price movement within a narrow bandwidth.

The volume of 8,935,218 suggests active trading, with a volume-to-market cap ratio of 1.29%, indicating moderate liquidity. The hourly moving averages are slightly negative, with the 8 SMA at $1.11 down 0.75% and the 21 SMA at $1.10 down 0.45%, indicating short-term bearish sentiment.

The 1-hour RSI of 52 suggests that USDY is in a neutral position, while the 7-day RSI at 50 supports this, reflecting a lack of strong momentum in either direction. Over the past 7, 14, and 30 days, USDY has experienced price declines of approximately 0.41%, 1.12%, and 0.54%, respectively, indicating a slight bearish trend.

The all-time high of $1.26 reached in March 2024 suggests potential upward resistance if the price begins to recover. However, given the recent downward price changes and the current trading indicators, the market sentiment appears cautious.

Based on the current data, I recommend a Hold rating for USDY. While there is potential for recovery towards the all-time high, the recent bearish price action and the overall market conditions warrant a wait-and-see approach before making any new investments.