Ondo US Dollar Yield (USDY) is currently priced at $1.097, reflecting a minor decline of 0.34% over the past 24 hours. The asset has experienced a daily range of $1.092 to $1.11, indicating relatively low volatility with a 24-hour trading volume of approximately 1.2 million, which constitutes 0.18% of its market cap.

The hourly moving averages show a consistent price level around $1.10, with short-term averages slightly lower, suggesting bearish momentum in the immediate term. The 1-hour RSI stands at 52, indicating neutral market conditions, while the 7-day RSI at 49 points to a slight weakening in momentum over the past week.

Fundamentally, USDY has seen a 7-day price change of -0.20% and a more significant 14-day decline of about -1.04%. However, the 30-day price change shows a positive trend of approximately 0.12%, indicating potential stabilization after recent declines.

USDY's all-time high was recorded at $1.26 in March 2024, reflecting a significant gap from the current price, which could attract interest from buyers looking for value. However, the persistent downtrend over the shorter periods suggests caution for potential investors.

Given the current technical indicators and the absence of strong bullish signals, the recommendation is to Hold USDY at this time. Monitoring for a reversal or stabilization around the $1.10 level could present better entry points for new positions.