Tether (USDT) is currently trading at $1, reflecting a minor 24-hour change of -0.01077%. The daily range has been tight, with a low of 0.999896 and a high of 1, indicating minimal volatility, typical for a stablecoin like USDT.

Volume has been substantial at approximately $75.3 billion, translating to a Vol/Market Cap ratio of 40.55%, which suggests significant trading activity relative to its market capitalization. The hourly and daily moving averages are consistently at $1.00 with slight downward adjustments, indicating stability but also a lack of upward momentum.

The 1-hour Relative Strength Index (RSI) is neutral at 50, while the 7-day RSI at 48 suggests that USDT is neither overbought nor oversold. Price changes over the last week, two weeks, and month show slight increases of 0.0034%, 0.0195%, and 0.0300%, respectively, reflecting stability in the price with minimal fluctuation.

The all-time high of $1.32, reached in July 2018, remains significantly above the current price, reinforcing the stable nature of USDT as a pegged asset. Given the tight trading range and consistent volume, Tether continues to fulfill its role as a stablecoin, providing liquidity in the cryptocurrency markets.

Given the current analysis, the rating for Tether (USDT) is a Hold. This recommendation is based on its stable price action, consistent trading volume, and position as a reserve currency in the crypto market without significant upward or downward pressure.