Tether (USDT) is currently trading at $0.999694, reflecting a minor 24-hour change of -0.02351%. The price has remained relatively stable within a narrow daily range of $0.000425, with a high of $0.999965 and a low of $0.99954, indicating low volatility typical for a stablecoin.

Trading volume stands at approximately $95.46 billion, with a volume-to-market cap ratio of 51.10%, suggesting robust market activity and liquidity. The hourly moving averages indicate a tight cluster around $0.9997, with the 8, 13, and 21-period SMAs showing minimal price movement, which is consistent with USDT's objective to maintain a peg to the dollar.

The 1-hour RSI is currently at 59, indicating a neutral short-term momentum, while the 7-day RSI at 57 shows similar conditions over a longer timeframe. Recent price changes reveal a slight uptick of 0.0402% over the past week and a more substantial increase of 0.0862% over the last 14 days, though the 30-day price change is slightly negative at -0.0175%.

Historically, USDT has an all-time high of $1.32, reached on July 24, 2018. Given the current price dynamics, low volatility, and Tether's design as a stablecoin to maintain a value close to $1, the market appears stable.

Given the lack of significant movement and Tether's purpose as a stablecoin, the recommendation is to Hold. This rating is due to the current price maintaining its peg closely to the dollar, with no indicators of impending large fluctuations.