Dogecoin's recent rally has lost some steam after briefly touching $0.10.
The price of DOGE is currently trading near $0.085, with a decline of about 10% from its peak.
Buyers had pushed the meme coin close to $0.10, but the momentum was short-lived as profits were taken by early buyers.
A drop below $0.08 could expose DOGE to a 35% decline, which would take the price towards $0.055.
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