The stream cipher FOUNTAIN was introduced in April 2019 as one of the candidates in the NIST lightweight crypto standardization process. In this paper we introduce a slide attack that leads to the construction of 32 relations on key bits, with time complexity around $17\times 2^{80}$. The success of the attack is around 98%. We also present some properties of the internal state transitions that allow the identification of (key-iv-ad) input data that produce identical ciphertexts, with probability of $2^{-32}$.