Tether (USDT) is currently trading at $1.00, showing a minimal 24-hour change of -0.0171%. The price remains stable within a narrow daily range, with a high of $1.00 and a low of $0.999979, indicating strong price support at the $1 mark.

The trading volume over the past 24 hours is approximately $90.3 billion, representing a volume-to-market cap ratio of 48.72%, suggesting a high level of trading activity relative to its market cap. The hourly moving averages (8, 13, 21, 55, and 144 SMA) are all at $1.00, reflecting consistent price stability and minimal deviation from the peg.

The 1-hour RSI is currently at 11, indicating a significant oversold condition, while the 7-day RSI stands at 48, suggesting a neutral position. Over the last week, USDT has experienced a slight increase of approximately 0.0196%, and a more notable increase of 0.0986% over the past 14 days, indicating stable demand.

USDT’s all-time high of $1.32 was reached in July 2018, but its current trading behavior shows strong adherence to its peg, with no significant upward movement anticipated. Given its historical performance and current indicators, Tether maintains its reputation as a stablecoin, primarily driven by market demand for liquidity and stability.

Based on the current data and analysis, the recommendation for Tether (USDT) is to Hold. The lack of significant volatility and adherence to the $1 peg suggests that it is best utilized as a stable asset for trading rather than as a speculative investment.