FET is testing critical resistance levels on the 2-hour chart, forming a descending broadening wedge pattern. The token has rebounded from support near $0.2311 and is nearing the wedge's upper boundary at $0.2590. A breakout above this level could indicate a bullish reversal, potentially driving FET towards $0.3143. The 50-hour moving average at $0.2499 is providing support, which could serve as a launchpad for further gains if the price experiences a minor pullback. However, failure to break the wedge's resistance might keep FET range-bound, with $0.2499 remaining a crucial level for buyers to maintain.