Fantom (FTM) is currently experiencing a bearish trend, with its price dropping by -3.10% against the US Dollar and -2.33% against Bitcoin in the last 24 hours. The overall sentiment in the market is pessimistic, as FTM is trading 23.30% below our prediction for Jan 26, 2024. In the past month, Fantom has lost -26.63% of its value, although it has seen a 4.56% increase since one year ago.

The Fear & Greed index currently reads "Greed" at 56, indicating that investors are optimistic about the cryptocurrency market. However, this could also suggest that the market is overvalued. Key support levels for Fantom are at $0.360493, $0.350146, and $0.343941, while resistance levels are at $0.377046, $0.383252, and $0.393599.

Technical analysis shows that 10 indicators signal a bullish prediction for Fantom, while 19 indicators show a bearish forecast, resulting in an overall bearish sentiment. The Relative Strength Index (RSI 14) for Fantom is at 41.79, suggesting a neutral position. Additionally, Fantom is trading below both the 50-day and 200-day Simple Moving Averages (SMA), indicating a bearish market.

In conclusion, the current forecast for Fantom is bearish, with a 27.51% increase needed to reach our target of $0.468132 within the next five days. It is crucial to monitor market sentiment, key support and resistance levels, and other metrics moving forward. However, the unpredictable nature of the cryptocurrency markets and the high volatility of even the largest crypto assets should be taken into consideration for any investment decisions.