Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a minor decline of 0.74% over the past 24 hours. The price has fluctuated between a high of $1.12 and a low of $1.093 during this period, indicating a relatively tight daily range of 0.027%.

Trading volume stands at 99,056, contributing to a low volume-to-market cap ratio of 0.01%, suggesting limited market participation. The hourly moving averages show a slight bullish trend, with the 8, 13, 21, and 55 SMAs all indicating positive momentum, particularly the 21 SMA at +0.45%.

The 1-hour RSI is currently at 65, indicating that the asset is nearing overbought territory, while the 7-day RSI at 52 reflects neutral market sentiment. Over the past week, USDY has experienced a minor decline of approximately 0.04%, alongside a more significant drop of 0.25% over the past 14 days.

Despite the recent price drop, USDY has gained about 13.39% over the past 30 days, demonstrating resilience and a potential recovery path. However, the all-time high of $1.26, achieved in March 2024, still looms overhead, suggesting that there is room for growth if market conditions improve.

Based on the current technical indicators and price movements, the recommendation for USDY is to Hold. The asset is showing signs of stability but lacks sufficient momentum to warrant a Buy at this time, especially given its proximity to overbought levels and recent price declines.