Fantom (FTM) has shown significant gains, rising 6.43% against the US Dollar in the last 24 hours and outperforming the broader cryptocurrency market, which increased by 7.83%. Despite this short-term bullish trend, the long-term outlook remains cautious. FTM is currently trading 19.10% below its predicted price for October 12, 2024, and has displayed high volatility with a 16.29% 1-month volatility rate.

While technical indicators suggest a bullish sentiment, the overall market sentiment is neutral, as reflected by the Fear & Greed index at 50. Investors should remain wary of the inherent volatility and unpredictable nature of the cryptocurrency markets.