Tether (USDT) is currently priced at $0.998819, showing a minor 24-hour change of 0.00733%. The daily price range has remained narrow, with a high of $0.998912 and a low of $0.998713, indicating limited volatility in the recent trading session.

The trading volume over the past 24 hours stands at approximately $27.57 billion, which accounts for 14.76% of its market cap, suggesting strong market activity. The hourly moving averages indicate stability, with the 8, 13, and 21 SMA remaining flat at $0.9988, while the 55 SMA shows a slight increase and the 144 SMA is slightly lower at $0.9991.

The 1-hour RSI is at 57, indicating a neutral trend that could suggest bullish potential, whereas the 7-day RSI is lower at 45, reflecting a slightly bearish sentiment over the past week. Additionally, the price has seen declines of 0.07%, 0.05%, and 0.14% over the last 7, 14, and 30 days, respectively, reinforcing a bearish trend in the medium term.

Historically, Tether's all-time high was $1.32, achieved in July 2018, which emphasizes its relative stability as a stablecoin. Given the current price hovering just below $1 and the lack of significant price movement, it is crucial to monitor market conditions closely.

Considering the data, Tether is maintaining its peg to the dollar, although the recent downward price trends over the longer periods signal caution. The lack of significant bullish momentum and the overall bearish price changes suggest that USDT may remain stable but does not present a clear buying opportunity at this time.

Rating: Hold. The stability at near $1 suggests Tether remains a reliable option for preserving capital, but the lack of upward momentum and recent price declines indicate there is no immediate incentive to buy.