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

Technical Signals
23 May 2026
AMBCrypto
View Source
Bearish
pluang ai news

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.

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