Tether (USDT) is currently priced at $0.998472, reflecting a slight 24-hour decline of -0.02697%. The trading volume of $63.61 billion indicates strong liquidity, with a volume-to-market cap ratio of 34.08%, suggesting that USDT is actively traded, but not experiencing significant price volatility.

The daily price range has remained narrow, with a high of $0.99896 and a low of $0.998474, underscoring its stability as a stablecoin. The hourly moving averages show a slight bearish trend, with the 8 SMA at $0.9986 down by 0.01%, signaling a consistent downtrend in short-term price action.

Momentum indicators are revealing bearish conditions, with the 1-hour RSI at 26, indicating oversold conditions, while the 7-day RSI at 40 suggests a lack of bullish momentum. Additionally, the price changes over the last 7, 14, and 30 days are negative, indicating a persistent downward trend.

Despite Tether's reputation as a stablecoin, the recent price movements suggest a potential drift below its pegged value, which could lead to further selling pressure. Given that the all-time high of $1.32 was achieved in July 2018, current valuations represent a significant drop from historical peaks, but this is typical for stablecoins during market fluctuations.

Overall, the combination of low RSI values, negative price changes, and bearish moving averages point towards continued selling pressure in the near term. Therefore, the recommendation is to Hold USDT as it may stabilize around the current levels without significant upside potential in the short term.