Let alone panic selling. but it also has to be done to save assets and be able to start again if the price continues to fall. just choose according to your instincts which way you want to go, no need to follow other people's advice if the situation is urgent, market movements are indeed unpredictable, everything can change suddenly
Therefore if you have altcoin then it is important for you to take early precautions to save your assets. Altcoin is very broad and if we talk about altcoins other than ETH or BNB I think you should sell your assets if you feel the price will continue to fall. You can keep it in stablecoins for a while. That's what I have done when I saw the price of altcoins falling. Altcoins are not the same as Bitcoin. There are thousands of altcoins and if you choose the wrong one, then you will lose your assets if after the price drops the altcoin does not rebound.
What about SOL?