Ondo US Dollar Yield (USDY) is currently priced at $1.095, reflecting a slight decline of 0.12022% over the past 24 hours. The daily trading range has remained tight, with a high of $1.11 and a low of $1.074, indicating limited volatility in the market.

Volume stands at approximately 4,367,812, translating to a volume-to-market cap ratio of 0.63%. The hourly moving averages suggest a bearish trend, with the 8 SMA and 13 SMA both showing negative momentum, while the 21 SMA indicates a marginal uptick of 0.14%.

The RSI readings further confirm this mixed sentiment; the 1-hour RSI is at 48, suggesting a neutral position, while the 7-day RSI is at 50, indicating a lack of momentum. Price changes over the past 7, 14, and 30 days show a consistent downtrend, with losses of approximately 0.7%, 0.99%, and 1.4% respectively.

USDY's all-time high of $1.26, reached on March 27, 2024, serves as a significant resistance level. Given the current price action and indicators, a cautious stance is warranted as the asset is hovering near its short-term support level.

In conclusion, the data suggests a Hold rating for USDY at this time. The lack of bullish momentum, coupled with recent price declines and mixed RSI indicators, implies that traders should wait for clearer signals before committing to a buy or sell action.