Ondo US Dollar Yield (USDY) is currently priced at $1.10, reflecting a slight decline of 0.67% over the last 24 hours. The price has oscillated between a daily high of $1.13 and a low of $1.073, indicating a constrained trading range of approximately 0.057%.

Trading volume for USDY stands at 6,459,441, corresponding to a volume-to-market cap ratio of 0.93%, which suggests a moderate level of liquidity. The hourly moving averages are all aligned closely at $1.11, with minor declines across the short-term averages indicating a bearish sentiment in the near term.

The Relative Strength Index (RSI) for the last hour is at 43, suggesting that the asset is approaching oversold conditions, while the 7-day RSI at 50 indicates a neutral market. Over the past week, USDY has experienced a price change of -0.44%, and over the last 14 days, the decline is slightly more pronounced at -0.22%, while the 30-day trend shows a modest increase of 0.09%.

Given that USDY is trading significantly below its all-time high of $1.26, reached in March 2024, it has potential for recovery if market conditions improve. However, the recent negative price trends and bearish moving averages imply continued downward pressure unless supported by bullish fundamentals or market sentiment.

Based on the current technical indicators and price movements, the recommendation for USDY is to Hold. While the asset is showing signs of potential recovery, the prevailing bearish trends and lack of strong buying pressure warrant a cautious approach rather than immediate investment or divestment.