Tether (USDT) is currently trading at $0.998967, with a slight 24-hour change of 0.00801%. The daily range has remained narrow, with a high of $0.999283 and a low of $0.998878, indicating stable demand around the peg to the USD.

Volume stands at approximately $99.68 billion, which is significant, accounting for 53.38% of the market cap. The hourly moving averages reveal a slight downward trend, with the 8 SMA at $0.9992 and the 144 SMA showing a minor decrease of 0.04%, suggesting short-term pressure on price stability.

The 1-hour RSI is at 49, indicating a neutral position, while the 7-day RSI of 45 suggests a slightly oversold condition, which could attract buyers looking for a short-term rebound. Additionally, the 7-day price change is negative at -0.0661%, but the 14-day change is positive at 0.0108%, indicating mixed momentum over these time frames.

In the longer-term perspective, the 30-day price change is -0.0401%, which reflects some bearish sentiment, but it is essential to note that Tether generally maintains a value close to $1. The all-time high of $1.32, reached in July 2018, highlights the historical strength of Tether, but the current focus remains on stability rather than growth.

Given the current price close to its peg, along with the neutral RSI readings and substantial trading volume, the outlook suggests that Tether remains a reliable stablecoin for liquidity and transactional purposes. Therefore, the recommendation is to Hold USDT, as it is expected to maintain its peg with minimal volatility in the near term.