Tether (USDT) is currently trading at $0.999608, reflecting a minimal decline of -0.00532% over the past 24 hours. The price has remained stable within a narrow daily range, hitting a high of $0.999842 and a low of $0.999436, indicating low volatility typical for a stablecoin.

The trading volume over the last 24 hours stands at approximately $57.09 billion, representing 31.08% of its market cap. This volume is significant and shows strong liquidity, which is essential for maintaining price stability in the face of market fluctuations.

Short-term moving averages (SMA) display tight clustering around $0.9996 to $0.9997, with negligible percentage changes, indicating a steady price trajectory. The 1-hour RSI at 49 and the 7-day RSI at 50 suggest a balanced market sentiment, with neither overbought nor oversold conditions prevailing.

On a broader time frame, Tether has seen a 7-day price change of 0.0215%, a 14-day change of 0.1347%, and a 30-day increase of 0.0831%. These metrics confirm USDT’s status as a stable asset, primarily used for trading and hedging in the cryptocurrency market rather than for speculative gains.

Given the stable price action and low volatility, combined with robust trading volume, Tether remains a reliable store of value. Therefore, the rating for Tether (USDT) is a Buy, as it offers safety and liquidity for traders looking to maintain exposure in a volatile market environment.