Tether (USDT) is currently priced at $0.999516, reflecting a marginal 24-hour change of 0.05502%. The daily trading range has been tight, oscillating between a high of $0.99998 and a low of $0.998965, indicating a stable peg to the USD, which is typical for stablecoins.

Trading volume stands at an impressive $115.23 billion, representing 61.70% of the market cap, suggesting robust market activity and liquidity. The moving averages are clustered closely around the current price, with the 8, 13, and 21 SMA at $0.9995, and longer-term SMAs indicating minimal variation, reinforcing price stability.

The 1-hour RSI is at 39, indicating potential oversold conditions in the short term, while the 7-day RSI at 53 shows a neutral trend. Recent price changes indicate a slight uptrend over the past week (+0.02398%), but a notable decline over the past 30 days (-0.06073%) suggests some fluctuations in demand.

Given Tether’s function as a stablecoin, its price movement is expected to remain tightly aligned with USD. However, external factors such as regulatory scrutiny and market sentiment can influence its stability; hence, it's crucial to monitor these developments closely.

Overall, Tether remains a reliable instrument for maintaining liquidity in cryptocurrency markets, particularly in times of volatility. Therefore, the recommendation is to Hold USDT, as it continues to serve its purpose effectively as a stablecoin with minimal price deviation from its peg.