Dogecoin Price Target Set at $0.1774 Amid Whales' Buying Frenzy

Crypto analyst Ali Martinez has predicted that Dogecoin's price could rally towards $0.1774 as long as its support level around $0.0813 holds, according to a recent X post by Finbold.

The prediction comes despite the DOGE price falling by roughly 3.6% over the past 24 hours following the vote on the CLARITY Act, a bill in the United States Senate geared towards regulating the cryptocurrency industry.

Large whales, addresses with at least 100 million DOGE, have accumulated over 240 million coins in a week, which could indicate rising demand from whale traders.