Altcoin market dips as Bitcoin falls below $80K; AERO faces further decline after rejecting $0.46 resistance

In May, the altcoin market showed weakness with the Altcoin Season Index dropping to 31 and altcoin capitalization struggling to stay above $1 trillion. Bitcoin's price correction below $80,000, falling nearly 9% since early May, contributed to the negative sentiment. Aerodrome Finance (AERO) lost its short-term support at $0.45 and faced resistance around $0.46, signaling a bearish trend. Traders are advised to sell AERO, anticipating further declines to $0.384 and $0.345 unless it breaks above $0.55, which would invalidate the bearish outlook.