Ondo US Dollar Yield (USDY) is currently trading at $1.10, reflecting a slight decline of 0.29% over the last 24 hours. The daily trading range has been minimal, with a high of $1.14 and a low of $1.10, indicating low volatility and market stability.

The trading volume stands at approximately 1.84 million USDY, with a volume-to-market cap ratio of 0.26%, suggesting that trading activity is relatively subdued compared to the overall market cap. The short-term moving averages (8, 13, 21, 55, and 144 SMA) are all aligned at $1.11, showing a consistent downtrend, as indicated by their negative percentage changes.

The 1-hour Relative Strength Index (RSI) is at 35, signaling that USDY may be oversold in the short term. In contrast, the 7-day RSI is neutral at 50, and the price has seen a slight decline of 0.43% over the past week, but a notable increase of 1.38% over the past 14 days indicates some recovery potential.

The cryptocurrency's all-time high was $1.26 reached on March 27, 2024, providing a resistance level to watch for any bullish movements. Given the current price is significantly lower than the all-time high, there is potential for upward movement if market sentiment shifts positively.

Taking into account the current technical indicators, subdued trading volume, and recent price changes, a Hold rating is appropriate for USDY at this time. While there are signs of short-term weakness, the longer-term price performance shows potential for recovery, making it prudent to maintain positions rather than sell.