Fantom (FTM) has experienced a significant downturn, losing 9.17% against the US Dollar in the past 24 hours. This decline is more pronounced when compared to the overall cryptocurrency market, which saw a 12.57% decrease in total market cap during the same period. FTM also underperformed against Bitcoin (BTC) with a 9.29% loss.

Despite a positive trend over the last month, where Fantom gained 51.88%, the current market sentiment remains cautious. The Fear & Greed Index is at 37, indicating prevalent fear among investors. Technical indicators show mixed signals, with key support levels at $0.621025, $0.590331, and $0.534776, and resistance levels at $0.707274, $0.762829, and $0.793523.

Given the current market volatility and bearish signals from moving averages, caution is advised for potential investors.