The price is currently experiencing a decline within the descending channel pattern, and it is encountering resistance during its attempts to recover. The moving averages are indicating a downward trend, and the price remains within the confines of the descending channel. However, there is a positive note in the RSI, which shows a deviation from the norm. If the price manages to break out above the channel, there is potential for a significant increase, with the possibility of higher levels being sustained as support.
