Yes, it's possible and it already happened before. Nonresistance coins could even lose their value during a bearish market. We must only invest with strong potential coins that could resist the bearish season. We could expect worse or better because the movement of the market is very unpredictable.
The turbulent bearish season is quite confusing for many people, so it will be very difficult to find the strongest point to make a price reversal. So when making a purchase entry, you must be right by installing the portfolio share option, don't do it all.
The same thing happened 2 years ago, the 2018 crash. Pretty much blew out a lot of useless altcoins or even crippled a lot of top altcoins, that they haven't gotten back their CMC ranks even now. Yes, there will be more downfall, shit altcoins will lose 95% of their value easily. Market correction is a normal thing, only hit harder when it was in a bearish trend.