Tether (USDT) is currently priced at $0.998716, showing a slight decline of -0.00234% over the last 24 hours. The price has experienced a narrow daily range between $0.998655 and $0.99886, indicating low volatility in the market.

Trading volume stands at approximately $27.2 billion, with a volume-to-market cap ratio of 14.58%, suggesting strong liquidity and active trading interest. The hourly moving averages are clustered around $0.9988 to $0.9992, reflecting minor downward pressure across multiple timeframes.

The 1-hour Relative Strength Index (RSI) is neutral at 50, while the 7-day RSI is at 45, indicating a slightly oversold condition. Over the past 30 days, USDT has seen a price change of -0.1432%, consistent with the trend of minor depreciation.

Despite its stability as a stablecoin, Tether's current price is close to its all-time high of $1.32 achieved in July 2018, yet it remains significantly below that level. The consistent minor price changes and low volatility imply that USDT is behaving as expected for a stablecoin, maintaining its peg to the US dollar.

Given the low volatility, neutral RSI readings, and strong trading volume, Tether remains a reliable option for traders seeking stability. However, the slight downward trend in recent price changes suggests caution for speculative trading.

Overall, the current analysis supports a **Hold** rating for USDT. While it is unlikely to present significant short-term gains, it remains a stable asset for those looking to maintain value in a fluctuating market.