Has my application been declined?

So, here’s the thing, I recently applied for a job and got an email saying:

“Thank you for reaching out. We are currently in the process of evaluating candidates, so it will take a bit more time before we can provide you with a response. Rest assured, your interest and inquiry have been duly noted in the meantime.”

Have any of you been through this? How do you handle the waiting game?

Let’s chat and share our experiences. It could help others going through the same thing.