A descending channel has been identified

The trend of MEME is entirely bearish, moving downward and initiating a strong downward trend. A descending channel has been identified for MEME, within which it continues its downward movement, consistently creating lower highs and lower lows, and it is currently at the bottom of this channel.
The likely scenario is that, with strong confirmations, the price could move up to the top of the descending channel.