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<p><strong>As the altcoin market value exceeds $276 billion, driven by Bitcoin’s surge above $66,000, investors are eyeing altcoins for gains. Crypto analyst CryptoBulle warns against blindly investing in all altcoins despite the bullish trend, noting the market’s susceptibility to corrections.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>CryptoBulle advises caution with altcoins between Fibonacci levels 0.382 and 0.236. Filecoin’s daily chart shows significant volatility, <a href="https://cryptosheadlines.com/solana-surges-as-wen-drops-30-due-to-whale-sell-off/" rel="noopener noreferrer nofollow">dropping 30%</a> in the past week. Cardano faces a bearish trend, with ADA trading at $0.48, down 25% in five months.</p><h3 id="cryptobulle-s-warning-on-altcoins">CryptoBulle’s Warning on Altcoins</h3><p>CryptoBulle suggests that altcoins still between the 0.382 and 0.236 Fibonacci levels are unlikely to break their 2021 all-time highs.</p><p>“Draw the Fibs from top to bottom. The ones still between 0.382-0.236 likely won’t make it above their 2021 highs,” CryptoBulle tweeted, highlighting weak coins in this category.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Screenshot_2-1.png?resize&#61;640%2C807&amp;ssl&#61;1" /></p><h3 id="altcoins-to-watch-potential-struggles-ahead">Altcoins to Watch: Potential Struggles Ahead</h3><p><strong>Polkadot ($DOT):</strong> Despite its robust ecosystem and innovative technology, Polkadot’s current Fibonacci levels suggest it may struggle to reach its previous all-time high.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p><strong>Filecoin (FIL):</strong> Offering a decentralized storage solution, Filecoin’s market shows significant volatility on the daily chart. It has emerged as one of the biggest losers in the market, having dropped 30% in the past week.</p><p><strong>Axie Infinity (AXS):</strong> Known for its play-to-earn model, Axie Infinity has experienced substantial growth. However, its <a href="https://cryptosheadlines.com/a-leading-cryptocurrency-exchange-is-currently-being-investigated-posing-a-potential-challenge-for-the-crypto-market/" rel="noopener noreferrer nofollow">current position suggests potential challenges</a> in reaching new highs. AXS is currently trading at $7.3 with a market cap of $1 billion.</p><p><strong>Cardano (ADA):</strong> A popular Proof-of-Stake blockchain, Cardano has recently been facing a bearish trend. As of early May 2024, ADA’s price hovered around $0.48, reflecting a 25% decline over the past five months. Analysts suggest that ADA might either break down further or continue moving sideways.</p><h3 id="altcoins-at-risk-and-potential-investment-opportunities">Altcoins at Risk and Potential Investment Opportunities</h3><p><strong>At-Risk Altcoins:</strong> These altcoins are at risk of further price drops and may not offer a profitable entry point for investors at this time. CryptoBulle’s analysis underscores the importance of strategic investment decisions based on technical indicators like Fibonacci retracement levels.</p><p><a href="https://cryptosheadlines.com/robinhood-introduces-solana-staking-and-rewards-in-europe/" rel="noopener noreferrer nofollow">Also Read:   Robinhood Introduces Solana Staking and Rewards in Europe</a></p><p><strong>Promising Altcoins:</strong> On the flip side, CryptoBulle has identified four top altcoins that should be included in your investment portfolio. These altcoins have the potential to break their all-time highs in the upcoming <a href="https://cryptosheadlines.com/xrp-to-overtake-bitcoin-in-altcoin-season/" rel="noopener noreferrer nofollow">altcoin season</a>.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

Top Analyst Warns: Avoid These 4 Altcoins at All Costs!

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