USDY Price Performance and Relative Strength

Ondo US Dollar Yield USDY

Current Price

$1.12 +0.46%

$0.0200 Daily Range (1.79%)

$1.12$1.14

$1.03M Daily Volume

14 BTC

Vol/MktCap: 0.08%

Neutral

HTF: 50 (Neutral)

Market Performance

+2.41% 0.00001489 BTC

+3.29% 0.0005 ETH

+0.44% 1.12 USDT

+2.93% 0.7887 XRP

+3.24% 0.0018 BNB

0.00% Relative BTC Volume

The total volume of Ondo US Dollar Yield is $1.03M over the past 24 hours, compared to $44.78B total Bitcoin volume.

Hourly Moving Average

8 SMA $1.13 -0.77%

13 SMA $1.13 -0.76%

21 SMA $1.13 -0.71%

55 SMA $1.13 -0.58%

144 SMA $1.13 -0.47%

-0.88% 1 Hour Change

$1.12 from $1.13

-0.38% 7 Day Change

-$0.0042 from $1.12

+0.21% 14 Day Change

$0.0024 from $1.12

-0.13% 30 Day Change

-$0.0015 from $1.12

March 27, 2024

$1.26 -11.19%

-$0.1410 vs. now

$1.31B Market Cap

17,440 BTC

24H Change

7.69M USD +0.59%

102 BTC

Total Supply: 1.88B USDY

1.17B USDY Available

62.06% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

94.14 x BTC Supply

94:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

909.19K USDY traded over past 24 hours

0.08% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Ondo US Dollar Yield AI Market Analysis

Ondo US Dollar Yield (USDY) is currently priced at $1.13, showing a 24-hour change of 0.51%. The daily range remains tight at $0.02, with a high of $1.14 and a low of $1.12, indicating minimal volatility in the short term.

Trading volume stands at 193,615, which represents a low 0.01% of the market cap, suggesting limited market participation. The hourly moving averages reflect a slight bullish sentiment, with the 144 SMA showing the most strength at +0.42%, indicating potential upward momentum.

The one-hour Relative Strength Index (RSI) is at 55, suggesting that USDY is neither overbought nor oversold, which aligns with the 7-day RSI of 50. Over the past 30 days, USDY has shown a price change of approximately 0.39%, indicating a modest upward trend over a longer period.

Historically, USDY reached an all-time high of $1.26 on March 27, 2024, establishing a resistance level that could be revisited. Given the current price and technical indicators, the asset is in a stable range, with potential for gradual appreciation.

In conclusion, based on the technical indicators and price movements, I recommend a Hold rating for Ondo US Dollar Yield (USDY) at this time. The asset shows signs of stability and potential for future growth, but current market conditions do not indicate an immediate buying opportunity.

Updated 88 minutes ago.