Shiba

Solana

Polkadot

Shiba Inu

ApeCoin

<p><i>The crypto market has witnessed a sharp decline, driving traders to reassess their holdings and identify altcoins to sell amidst short-term market corrections. Bitcoin (BTC) plunged below $63,000, setting a bearish tone that extended to top altcoins. Some notable altcoins are left facing sell pressure.</i></p>
<h2 id="strong-solana-sol-strong"><strong>Solana (SOL)</strong></h2>
<p><a href="https://cryptoticker.io/en/token/SOL" rel="noopener noreferrer nofollow">Solana (SOL)</a> has experienced a 2% drop in the last 24 hours and a 17% decline this month. Despite weekly flows remaining positive, decreased trading volumes by about 12% suggest weakening on-chain activity. This downturn positions <a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Solana</a> as one of the altcoins to sell amid the current market correction.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SOLUSD_2024_05_09_14_32_12_ee7c95e33f.png" alt="SOLUSD_2024-05-09_14-32-12.png"></p>
<h2 id="strong-polkadot-dot-strong"><strong>Polkadot (DOT)</strong></h2>
<p><a href="https://cryptoticker.io/en/token/DOT" rel="noopener noreferrer nofollow">Polkadot (DOT)</a> also recorded a 2% decline in 24 hours, reflecting broader market sentiment. With a 22% monthly outflow, <a href="https://www.tradingview.com/symbols/DOTUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Polkadot</a> has lost recent gains, compelling some traders to view it as an altcoin to sell this week.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/DOTUSD_2024_05_09_14_32_36_d177cc0758.png" alt="DOTUSD_2024-05-09_14-32-36.png"></p>
<h2 id="strong-shiba-inu-shib-strong"><strong>Shiba Inu (SHIB)</strong></h2>
<p><a href="https://cryptoticker.io/en/token/SHIB" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> surged in popularity resembling Dogecoin but has struggled to sustain growth and resist market fluctuations. While 2021 saw rapid expansion, <a href="https://www.tradingview.com/symbols/SHIBUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Shiba Inu</a> token now faces challenges amid reduced interest in dog-themed meme coins.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SHIBUSD_2024_05_09_14_33_13_db4a03c3d0.png" alt="SHIBUSD_2024-05-09_14-33-13.png"></p>
<h2 id="strong-bonk-bonk-strong"><strong>Bonk (BONK)</strong></h2>
<p><a href="https://cryptoticker.io/en/token/BONK" rel="noopener noreferrer nofollow">Bonk (BONK)</a> emerged during a period of negative market sentiment but failed to secure sustained growth beyond speculative trading. Despite brief peaks aided by market trends, <a href="https://www.tradingview.com/symbols/BONKUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Bonk</a>'s limited utility makes it susceptible to downturns.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/BONKUSD_2024_05_09_14_32_51_754a4a53df.png" alt="BONKUSD_2024-05-09_14-32-51.png"></p>
<h2 id="strong-apecoin-ape-strong"><strong>ApeCoin (APE)</strong></h2>
<p><a href="https://cryptoticker.io/en/token/APE" rel="noopener noreferrer nofollow">ApeCoin (APE)</a>, associated with the Bored Ape Yacht Club (BAYC) NFT project, witnessed a decline due to waning investor interest and internal challenges within the BAYC ecosystem. Despite initial popularity, <a href="https://www.tradingview.com/symbols/APEUSD/?aff_id=127958" rel="noopener noreferrer nofollow">ApeCoin</a> fell from its peak above $20 to around $1.2 and still struggling there despite some minor adjustments, highlighting its vulnerability in the current market climate.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/APEUSD_2024_05_09_14_33_39_af0cf62ae1.png" alt="APEUSD_2024-05-09_14-33-39.png"></p>
<p><br><i>As the crypto market undergoes a correction phase, investors are advised to exercise caution, particularly with altcoins showing signs of vulnerability. Identifying assets to sell in the short term can help safeguard portfolios against potential losses.</i><br>&nbsp;</p>

Altcoins to SELL in May 2024: Risky Levels Reached

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