Tether (USDT) is currently priced at $0.998952, reflecting a slight decrease of 0.04283% over the past 24 hours. The price remains within a narrow daily range, fluctuating between $0.998832 and $0.99953, indicating stability typical of stablecoins.

The trading volume stands at approximately $71.19 billion, representing a high 38.11% of the market cap, suggesting robust liquidity in the market. However, the 1-hour RSI is at a low 15, indicating potential oversold conditions, while the 7-day RSI at 45 suggests a neutral trend.

Moving averages provide a consistent view of the price stability, with the 8, 13, and 21 SMAs hovering around $0.9994, all showing minimal decline between -0.04% and -0.05%. The longer 55 and 144 SMAs at $0.9995 and $0.9996, respectively, reinforce the stability around the $1.00 peg typical for Tether.

Despite a small positive price change of 0.0045% over the past week, the 14-day and 30-day changes show a decline of -0.0685% and -0.0702%, respectively, indicating a downward pressure over the longer term. Tether's all-time high remains significantly above the current price at $1.32, achieved in July 2018, which emphasizes its stablecoin nature amidst market fluctuations.

Given the current indicators, including low RSI values and a stable price range, Tether shows characteristics typical of a stablecoin, suggesting it remains close to its intended peg. However, the slight downward trend over the longer periods and low RSI could indicate short-term selling pressure.

Rating: Hold. The stability of Tether suggests it is a safe asset to maintain in a portfolio, but the lack of upward momentum and negative price changes over longer periods signal a cautious approach.