Ondo US Dollar Yield (USDY) is currently priced at $1.10, reflecting a minor decline of 1.17% over the past 24 hours. The daily trading range has been relatively tight, between $1.075 and $1.12, indicating low volatility in the short term.

The trading volume over the last 24 hours stands at approximately 2.77 million USDY, which represents a volume-to-market cap ratio of 0.40%. This suggests that trading activity is modest compared to the overall market capitalization, signaling a lack of strong investor interest at the moment.

Technical indicators show mixed signals; the 1-hour RSI is at 40, suggesting that USDY is nearing oversold conditions. Meanwhile, the 7-day RSI at 50 indicates a neutral trend, while longer-term price changes reveal a slight decline over the past two weeks and month.

Moving averages present a mixed picture as well. The 8-period and 13-period SMAs are showing slight upward movements, but the 21, 55, and 144-period SMAs have recorded small declines, highlighting potential resistance levels around $1.11.

Given the all-time high of $1.26 reached on March 27, 2024, there is potential for recovery if market conditions improve. However, the current price trend and mixed technical indicators suggest caution, as the asset has shown a lack of upward momentum in recent weeks.

In conclusion, the current market conditions and technical indicators point towards a Hold rating for USDY. While there is potential for recovery towards the all-time high, the recent price declines and mixed signals suggest waiting for a clearer trend before making any buying decisions.