Ondo US Dollar Yield (USDY) is currently priced at $1.097, reflecting a slight decline of 0.47% over the last 24 hours. The daily price range has been narrow, with a high of $1.12 and a low of $1.097, indicating limited volatility in the short term.

Trading volume stands at approximately 925,604, which represents 0.13% of the market cap, suggesting relatively low trading activity. The hourly moving averages, specifically the 8, 13, 21, 55, and 144 SMA, all hover around $1.11, indicating a slight bearish trend as they are all showing negative percentages from the current price.

The 1-hour Relative Strength Index (RSI) is at 31, signaling that USDY may be oversold in the very short term. In contrast, the 7-day RSI sits at 49, reflecting a neutral position, while the 14-day change shows a slight positive trend of 0.26%, indicating potential for recovery.

Over a 30-day period, USDY has seen a decrease of approximately 0.78%, highlighting a longer-term bearish sentiment. The all-time high was recorded at $1.26 in March 2024, suggesting room for price recovery if upward momentum can be established.

Given the current technical indicators and the limited trading activity, USDY appears to be in a consolidation phase with potential downward pressure. However, the oversold conditions indicated by the 1-hour RSI could prompt a short-term bounce.

In conclusion, the analysis suggests a cautious approach. The recommendation is to Hold USDY for the time being, as short-term indicators suggest potential for recovery, but the overall trend remains bearish, warranting a wait-and-see strategy.