Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a modest 24-hour change of 0.94536%. The price has oscillated between a daily high of $1.12 and a low of $1.073, indicating low volatility with a daily range of only 0.047%.

Trading volume stands at 1,006,851, which is relatively low given the market cap, resulting in a volume-to-market cap ratio of 0.14%. The hourly moving averages show consistent support around the $1.10 level, with all short-term SMAs trending positively, suggesting a bullish sentiment among traders.

The 1-hour Relative Strength Index (RSI) is at 52, indicating neutral momentum, while the 7-day RSI also stands at 50, suggesting that the asset is neither overbought nor oversold. Over the past week, USDY has experienced a price change of 1.73%, demonstrating slight upward momentum, while the 14-day and 30-day price changes are less significant, at 0.07% and 0.76%, respectively.

The all-time high for USDY is $1.26, reached on March 27, 2024, which sets a target for potential upward movement if bullish momentum builds. Given the current price dynamics, the asset's stability around the $1.10 mark, and positive short-term moving averages, there is a foundation for potential growth.

Considering the above analysis, I recommend a Hold rating for USDY. The current price is stable, with short-term indicators reflecting cautious optimism, but further upward movement requires increased trading volume and sustained positive sentiment.