Tether (USDT) is currently trading at $0.999637, reflecting a minor 24-hour change of 0.03703%. The price has remained relatively stable within a tight daily range, hitting a high of $1 and a low of $0.99924, indicating low volatility in the short term.

Trading volume is notably high at approximately $113.33 billion, with a volume-to-market cap ratio of 60.68%, suggesting significant market activity and liquidity. The hourly and 7-day RSI readings are 52 and 55, respectively, indicating that the asset is in neutral territory, showing no strong overbought or oversold conditions.

The moving averages indicate a mixed short-term outlook; the 8 SMA and 13 SMA are slightly below the current price, while the longer-term SMAs (55 SMA and 144 SMA) are showing a gradual upward trend. The 30-day price change is negative at -0.0318%, yet the 14-day price change shows a positive momentum of 0.1088, reflecting increased demand recently.

Overall, the combination of stable pricing, high trading volume, and neutral momentum indicators suggests Tether is maintaining its peg to the dollar effectively. Given the data and current market conditions, a Hold rating is appropriate, as USDT continues to serve as a reliable stablecoin without significant price fluctuations, suitable for maintaining capital or hedging against market volatility.