Ondo US Dollar Yield (USDY) is currently priced at $1.10, reflecting a slight 24-hour decline of 0.18%. The trading range over the past day has been between $1.12 and $1.073, indicating low volatility with a daily range of just 0.047%.

Volume stands at 4,171,000, equating to a volume-to-market cap ratio of 0.60%, which suggests moderate trading activity. The hourly moving averages indicate a bearish trend, with all significant averages (8, 13, 21, 55, and 144 SMA) showing negative changes, the most significant being a -0.86% drop for the 21 SMA.

The 1-hour RSI is critically low at 17, suggesting oversold conditions in the short term. Conversely, the 7-day RSI is neutral at 50, indicating a balance between buying and selling pressure over the past week.

In terms of price performance, USDY has seen a marginal 1.27% decline over the last 7 days, although it has shown a slight recovery of 0.39% and 0.42% over the past 14 and 30 days, respectively. The all-time high for USDY was recorded at $1.26 on March 27, 2024, which provides a potential upside target but also highlights the current distance from this peak.

Given the current price trend, bearish moving averages, and low RSI, the outlook for USDY is negative in the short term. However, potential for recovery exists if it can stabilize above the current support level around $1.07.

In conclusion, a Sell rating is warranted for USDY at this time due to its bearish indicators and lack of upward momentum. A reassessment may be appropriate if the price stabilizes and shows signs of recovery beyond the $1.12 resistance.