Dogecoin is holding near a long-term rising trendline on the monthly chart shared by Surf. The chart shows DOGE trading above the same broad support line that shaped earlier cycle lows. It also shows price pressing near a curved moving average. Together, these levels create a compression zone before the next larger move.
The monthly chart suggests DOGE has returned to a familiar base area. Earlier major advances began after price spent time near this same support region. The current position keeps that structure in view.
A lower indicator also shows a long period of reduced momentum after the spikes in 2017, 2021, and 2024. The reading now sits near the lower range. That signals DOGE has cooled after earlier volatility.
Dogecoin has moved higher from recent lows, but the daily chart shared by MCO Global still shows a corrective recovery. Price now sits near short-term resistance around $0.118. That level matters since DOGE has already reacted near it after the rebound from the March low.
MCO Global says the move does not yet show a clear five-wave bullish structure. As a result, the rise still looks like a corrective bounce rather than a confirmed trend reversal. The chart keeps that view in place for now.
The next resistance levels sit near $0.133, $0.156, and $0.183. The $0.133 zone stands out as it matches the 38.2% retracement level on the chart.
Support now sits near $0.105 and $0.089. If DOGE loses those areas, the corrective bounce would weaken. The larger bearish setup would then remain active.
The wider cryptocurrency market reacted strongly on May 14 and 15, 2026. XRP and Dogecoin each gained around 5%, while Bitcoin moved above $81,000. The shift followed a key legislative step in the United States.
The US Senate Banking Committee advanced the Digital Asset Market Clarity Act, or CLARITY Act, in a 15-9 bipartisan vote. The move added momentum across major digital assets. It also brought fresh attention to regulatory clarity.
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The bill aims to define jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It also seeks to classify many digital assets as commodities, protect decentralized finance developers, establish stablecoin rules, and limit central bank digital currencies.
Dogecoin continues to hold its long-term support trendline while facing pressure near key resistance levels. The broader crypto market also gained strength after progress on the CLARITY Act. Traders now watch whether DOGE can break higher or return to a deeper corrective move.