Trump Coin (TRUMP) surged Wednesday amid breakthrough developments in US-Iran nuclear negotiations, sparking immediate speculation about a potential rally toward the $10 threshold. The memecoin jumped 4.2% in 24 hours following diplomatic progress, though it remains 96% below its all-time high of $73.43, with analysts warning the geopolitical-driven momentum must overcome significant technical resistance.

Will Trump Coin Hit $10 If The US And Iran Reach An Agreement?

TRUMP last traded above the $10 mark in late July of 2025. The asset has been on a downward trajectory after hitting an all-time high on January 19 of last year. One should note that TRUMP hit its peak one day before President Trump’s inauguration.

TRUMP’s latest rally is likely due to the US President stating that the US and Iran may be on the bring of coming to a deal. The possibility of an agreement between the two countries seems to have boosted investor sentiment. The crypto market rally is being led by Bitcoin (BTC), which briefly hit $78,000 after nearly three months.

Although the rally has brought some relief to crypto investors, the market is still fragile and price could fluctuate at any moment. Nonetheless, a peace deal could trigger another bull run for the crypto market. TRUMP’s price could potentially reclaim $10 under such circumstances.

Moreover, President Trump has chosen Kevin Warsh to replace Jerome Powell as the next Federal Reserve chair. Warsh is likely to reduce rates soon after assuming office. An interest rate cut could also propel another bull run for the crypto market.