The analysis of FET.AI on the 4-hour timeframe indicates a significant market rally, with FET advancing approximately 60% after reacting to a support area around December 31st / January 1st. This rally is interpreted as a third wave. A pullback is currently underway, consistent with a corrective fourth wave. The critical juncture for this correction is the 50% Fibonacci retracement level at 0.249 cents. Maintaining price above this level is deemed non-negotiable for the continuation of the current bullish Elliott Wave sequence; a breach below this point would suggest a more extensive correction, invalidating the current count. While the market has declined roughly 10% from its recent high, the current decline may represent only the 'A' wave of an 'ABC' corrective structure within Wave 4. Further downside within the correction is anticipated, potentially followed by a bounce in a 'B' wave. The eventual development of a fifth wave rally, breaking above the previous third wave high, is critical for confirming a more meaningful upward trend. The market's reaction to the support levels at 0.281 cents (23.6% retracement), 0.263 cents (38.2% retracement), and particularly 0.249 cents (50% retracement) will provide definitive answers regarding the potential for a subsequent fifth wave. A successful hold above 0.249 cents and a subsequent breakout above the previous high of Wave 3 (around 0.315 cents) would confirm the bullish continuation, with a potential target of 0.35 cents.