Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a minor decline of 0.0221% over the past 24 hours. The price has oscillated between a high of $1.14 and a low of $1.091 within the same period, indicating relatively low volatility with a daily range of just 0.049%.

Trading volume stands at 42,842, which translates to a market cap volume ratio of 0.01%, suggesting limited trading activity relative to its market capitalization. The hourly moving averages show mixed signals, with the 8 SMA indicating a slight upward trend (+0.16%) while the 21 SMA suggests a downtrend (-0.25%), pointing to potential indecision among traders.

The 1-hour RSI is extremely low at 14, indicating that USDY is significantly oversold in the short term. Conversely, the 7-day RSI sits at 51, reflecting a more neutral position, while the 14-day and 30-day price changes of 0.70% and 0.25% respectively suggest a gradual recovery trend over the past two weeks and month.

Historically, USDY reached an all-time high of $1.26 on March 27, 2024, and the current price is approximately 11.9% below this level. Given the mixed technical indicators and the low trading volume, there seems to be a lack of strong buying or selling momentum in the immediate term.

Considering the short-term oversold condition alongside neutral longer-term RSI readings, a cautious approach is warranted. Therefore, the rating for USDY is a Hold, as it may present a buying opportunity for long-term investors but lacks sufficient momentum for immediate upside.