$ICP Dfinity Foundation's technical executive recently put forward an interesting viewpoint - AI-driven no-code development tools may become a new approach to safeguarding infrastructure security, which could help avoid large-scale service interruption events like those experienced by AWS.
The topic turned to the performance of ICP, which has been quite volatile recently. It rebounded 22.6% from last Friday's low, seemingly on the verge of a turnaround, but then fell again by 8.46%, essentially erasing the entire gain for November - rising from $2.79 to a peak of $9.85.
From a technical chart perspective, the situation is a bit tricky. A bearish structure is presented on the higher time frame, and to turn the situation around, it must break through the key level of $3.78. If this level cannot be maintained, traders on the lower time frame are closely watching the support around $2.9 - will this level become a new defense? Further observation is needed.
