Ondo US Dollar Yield (USDY) is currently priced at $1.079, reflecting a 24-hour change of -2.16%. The daily trading range has been relatively narrow, with a high of $1.12 and a low of $1.023, indicating limited volatility in the short term.

Volume has reached approximately $18.2 million, with a volume-to-market cap ratio of 2.68%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages show a bearish trend, with the 8 SMA at $1.09 and declining across longer-term averages, indicating downward pressure on price momentum.

The 1-hour RSI is positioned at 46, suggesting that USDY is nearing oversold conditions but is not quite there yet. The 7-day RSI at 49 further indicates a lack of strong bullish or bearish momentum, reinforcing the sideways trend observed in recent price movements.

Over the past week, USDY has decreased by 2.11%, while the 14-day and 30-day changes stand at -1.50% and -2.98%, respectively, indicating a consistent decline in value over the longer term. The all-time high of $1.26 from March 2024 is a critical resistance level, and current prices are significantly below this mark, suggesting a lack of upward momentum.

In summary, while USDY's price remains above its recent lows, the bearish trend in moving averages and the sustained negative price changes over multiple time frames indicate ongoing weakness. Given the current technical indicators and price action, the recommendation is to Hold, as there may be a potential for recovery but significant upward movement appears limited in the short term.