Curiously, we're hanging around the upper ranges of the these long term channels. You would expect a rapid rejection of 900 on signals like this but that price is still available with supply. What we could see is a big seller push into the green zone for a better chance to dump size. This gives them higher average distribution price and increased liquidity (channel breakout buyers and short stops at the top of the consolidation range) for a reasonable fee (given current volumes and order book).
Watch for a green zone test. Failure accelerates movement to S1 and success sets up the channel breakout - which seems less likely given recent decreasing .