Ondo US Dollar Yield (USDY) is currently priced at $1.11, reflecting a minor 24-hour change of 0.27213%. The asset has seen a daily range between $1.057 and $1.12, indicating a relatively tight trading band and low volatility within this period.

Volume stands at 229,211, translating to a low trading activity reflected in a Vol/Market Cap ratio of 0.03%. The hourly moving averages show mixed signals with the 8 SMA and 13 SMA slightly negative at -0.11% and -0.16% respectively, while the 21 SMA and 55 SMA indicate a positive momentum at +0.35% and +0.37%.

The 1-hour RSI is neutral at 50, suggesting that there is no immediate overbought or oversold condition. However, the 7-day RSI at 51 indicates a slight bullish bias, as it hovers just above the midpoint, aligning with a 7-day price change of approximately 0.52%.

Fundamentally, the price has increased by 1.56% over the past 14 days and by 1.19% over the last 30 days, demonstrating a slight upward trend. The all-time high of $1.26 reached on March 27, 2024, serves as a key resistance level, while the current price sits comfortably below this mark.

Given the current market conditions, USDY exhibits characteristics of stability with some potential for upside, particularly if it can maintain momentum above the immediate moving averages. Based on the data-driven analysis, the recommendation is to Hold USDY for the time being, as the price remains stable with slight bullish indicators but is also below the resistance level that has not been breached recently.