Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a 0.39807% increase over the last 24 hours. The asset has demonstrated stability, with a daily range of just 0.035%, suggesting low volatility in the immediate term.

The price has oscillated between a 24-hour high of $1.13 and a low of $1.095, indicating a consolidation phase. Volume stands at approximately 5.77 million, with a volume-to-market cap ratio of 0.84%, which points to moderate trading activity relative to its market capitalization.

Technical indicators show that the short-term moving averages are positive, with the 8 SMA at $1.11 (+0.45%) and the 13 SMA at $1.10 (+0.49%). The 1-hour RSI is at 58, suggesting that the asset is nearing overbought conditions, while the 7-day RSI at 52 indicates neutral momentum.

From a longer-term perspective, USDY has experienced a slight decline of 0.62% over the past week, but has gained 1.22% over the last 30 days. The recent price action remains below the all-time high of $1.26 reached on March 27, 2024, which establishes a critical resistance level.

Given the current price stability, positive short-term moving averages, and neutral RSI readings, USDY shows potential for further gains. However, the recent price declines over the week highlight caution for immediate trading decisions.

In conclusion, USDY is rated as a Buy due to its current price stability, positive short-term momentum, and potential for upward movement towards the all-time high. The technical indicators suggest a favorable entry point, with the possibility of reaching or exceeding previous highs if momentum continues.