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Pudgy Penguins has joined forces with Lufthansa’s Miles & More program, enabling users to earn airline miles on purchases made through the Pudgy Shop. This partnership brings added utility to The Huddle, the Pudgy Penguins community, allowing users to redeem miles for flights, travel experiences, and rewards with over 300 partners.

How the Partnership Works

To start earning miles, users must follow these simple steps:

  • Register for a Miles & More account.
  • Create an account on the Pudgy Penguins Shop.
  • Link both accounts using the dedicated pop-up on the Pudgy Shop platform.

Once linked, every purchase made on the Pudgy Shop—whether using PENGU tokens or fiat currency—contributes to the user’s miles balance.

Technical Analysis: PENGU Price Tests Key Support

The announcement coincides with a critical moment for PENGU price, which is testing a significant confluence zone. Currently trading between $0.0090 and $0.0093, this area represents both horizontal support and an ascending trendline that has sustained the uptrend since early April. Historically, this zone has acted as resistance, adding further technical importance.

The price recently dipped below the 20 EMA and now hovers just above the trendline. Overhead resistance from the 50 SMA is also in play. Technical indicators such as the RSI, currently near 40, and the MACD, which has confirmed a bearish crossover with widening histogram bars, suggest growing downward pressure.

Potential Scenarios

Given the confluence of major supports, the price could experience one of two outcomes:

  • Bounce Scenario: If buyers step in, the price may rebound from the current support zone. The next key levels to watch would be the 20 EMA, the 50 SMA, and a potential breakout above the recent swing high of $0.013. A move beyond $0.013 would signal a higher high and confirm a continuation of the broader uptrend.
  • Breakdown Scenario: If the support fails, the price could decline further, with the next target around $0.0075. This level previously acted as resistance during March consolidation.

What This Means for Investors

The Pudgy Penguins and Lufthansa partnership adds a tangible use case for PENGU holders, potentially increasing interest in the token. However, traders and investors should monitor the technical levels closely to assess the price’s next direction. A bounce from the current support zone could present a buying opportunity, while a breakdown may warrant caution.

Stay informed on the latest developments in cryptocurrency, finance, and investing as the market evolves.

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