Dogecoin$DOGE is on track to hit $1, highlighting potential resistance and support levels for the meme coin.

Dogecoin’s bull run has been stalled by major resistance twice. The largest meme coin by market cap has been holding in the supply zone around $0.44, facing downward pressure on Tuesday and Wednesday.

Prior to that, the dog-themed meme coin was in a bullish free-run, crossing multi-year price levels. DOGE has surged 104% and 247% over the past week and month, pushing its market cap to $57 billion.

Amid a correction that market experts have been warning about, analyst Trading Jesus claims that Dogecoin is on track to hit $1 before the end of 2024. In his analysis on Thursday, the commentator highlighted possible levels to watch as the meme coin seeks to reach dollar value.$PNUT $PEPE