Tether (USDT) is currently priced at 0.998444 USD, reflecting a slight 24-hour change of -0.01623%. The daily trading range has remained narrow, with a high of 0.998672 and a low of 0.998191, indicating low volatility typical for stablecoins.

The trading volume stands at approximately 114.84 billion USDT, which represents a significant 61.89% of the market cap, suggesting robust trading activity relative to its market size. The moving averages show minimal deviation from the current price, with the 8, 13, and 21 SMA all hovering around 0.9985, confirming a stable price trend.

In terms of momentum, the 1-hour RSI is at 47, while the 7-day RSI is slightly higher at 48, indicating neutral market sentiment with no immediate overbought or oversold conditions. However, the longer-term price changes indicate a decline, with the 7-day change at -0.0629%, the 14-day at -0.1284%, and the 30-day at -0.0589%, reflecting some bearish pressure over the last month.

Tether’s all-time high of 1.32, reached in July 2018, remains distant, and the current price reflects the stability expected from a stablecoin, which is designed to maintain a 1:1 peg to the US dollar. Given its established position in the market, the recent price behavior and stable trading volume suggest that USDT will likely maintain its peg and continue functioning as a reliable medium of exchange.

Based on the analysis, the recommendation for Tether (USDT) is to Hold. This rating reflects the stable nature of USDT as a stablecoin, with minimal volatility and a consistent market presence, making it a suitable option for preserving value rather than speculative trading.