Ondo US Dollar Yield (USDY) is currently trading at $1.11, reflecting a 24-hour change of 0.5937%. The price has maintained a daily range between $1.095 and $1.11, indicating a stable trading environment with a low volatility of 0.015%.

Trading volume stands at approximately 3.17 million USDY, with a volume-to-market cap ratio of 0.46%, suggesting modest liquidity in the market. The moving averages indicate a bullish short-term trend, with the 8 SMA showing an increase of 0.67%, while longer-term moving averages such as the 144 SMA have a slight positive change of 0.15%.

The 1-hour RSI is positioned at 53, indicating a neutral market sentiment, while the 7-day RSI at 49 suggests a slight bearish pressure over the past week. Despite a recent 7-day price decline of approximately 0.65%, the 14-day and 30-day price changes of 0.099% and 0.37% respectively indicate a potential rebound in the medium term.

The all-time high for USDY was recorded at $1.26 on March 27, 2024, showing a potential upside of approximately 13.5% from the current price. Given the stable price action, bullish short-term indicators, and potential for upward movement toward previous highs, the current market conditions favor a Buy rating.

In conclusion, the technical indicators and recent price trends support a bullish outlook for USDY. Thus, I recommend a Buy rating due to the positive moving averages and the potential for recovery towards previous highs.