Ondo US Dollar Yield (USDY) is currently trading at $1.092, reflecting a 24-hour decline of 1.68%. The price fluctuated between a daily high of $1.11 and a low of $1.082, indicating relatively stable trading within a narrow range of 0.028%.

Trading volume stands at approximately 1.14 million, representing a low volatility with a volume-to-market cap ratio of 0.17%. The hourly moving averages suggest a mixed sentiment; the 8-period SMA shows a slight gain of 0.09%, while the longer-term SMAs (13, 21, 55, and 144) indicate a downward trend, declining between 0.17% and 1.14%.

The 1-hour RSI is positioned at 47, suggesting a neutral stance, while the 7-day RSI at 50 confirms that there is no significant momentum in either direction. Over the past week, the price has decreased by approximately 0.80%, with the 14-day and 30-day price changes at -1.24% and -1.93%, respectively, indicating a broader bearish trend.

The all-time high for USDY stands at $1.26, achieved on March 27, 2024, suggesting that the current price remains significantly below this level, potentially indicating room for recovery if market conditions improve. However, the recent price trends and moving averages point toward continued downward pressure in the short to medium term.

Given the current technical indicators and the overall market sentiment, the recommendation for USDY is a Hold. The lack of strong upward momentum and declining moving averages suggest waiting for clearer bullish signals before considering a Buy.