Crypto news, Dogecoin (DOGE) may increase by 20% in May due to its whale holdings reaching new highs. The whale wallet holdings of Dogecoin have reached 108.52 billion coins, worth approximately $11.6 billion, up from 107.95 billion coins in mid-April. Over the past month, Dogecoin has risen about 18%, while the overall crypto market has only increased 10%. Additionally, on April 28, Santiment recorded 739 Dogecoin transfers, with a single-day transfer amount exceeding $100,000, the highest in six months. Technical analysis shows that Dogecoin's price has entered a bullish breakout phase; if it breaks through the current resistance level, the target price is approximately $0.131, about 20% higher than the current price.

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