Tether (USDT) is currently priced at $0.999222, reflecting a minor increase of 0.02262% over the past 24 hours. The trading range has been narrow, with a high of $0.999254 and a low of $0.998637, indicating stable demand and low volatility in the stablecoin market.

The trading volume stands at approximately $106.3 billion, representing a significant 57.39% of its market capitalization, which suggests high liquidity. The hourly moving averages show a consistent upward trend, with the 8 SMA at $0.9989 and the 144 SMA at $0.9987, indicating a stable price structure in the short term.

The 1-hour RSI is at 57, suggesting a neutral to slightly bullish momentum, while the 7-day RSI at 53 supports a similar outlook without any overbought conditions. Price changes over the last week (+0.0273%) are positive, but the 14-day (-0.0366%) and 30-day (-0.0389%) changes indicate some bearish sentiment in the longer term.

The all-time high for USDT remains at $1.32, reached in July 2018, illustrating its historical stability as a pegged asset. Given the current market dynamics, including a stable price range and strong trading volume, USDT remains a reliable asset for preserving value.

Considering the overall data, the recommendation for Tether (USDT) is to Hold. The stable nature of USDT as a stablecoin provides a safety net in volatile market conditions, making it a suitable option for investors looking to maintain liquidity without exposure to significant price fluctuations.