Pudgy Penguins Teams Up with Lufthansa Miles Program to Enhance PENGU Utility

Pudgy Penguins has formed a partnership with Lufthansa’s Miles & More program, enabling the Pudgy community to earn airline miles on purchases made with PENGU or fiat currency. This collaboration adds new benefits to users, especially as the price of PENGU is approaching a significant technical level.

Key Takeaways

Pudgy Penguins has partnered with Lufthansa’s Miles & More program.
Users can earn airline miles on purchases made via the Pudgy Shop with either PENGU or fiat.
Earned miles can be redeemed for flights and other rewards from over 300 partners.
PENGU is currently testing a crucial price level, with the potential for a bounce or further decline.

Pudgy Penguins partners with Lufthansa Miles program to expand PENGU utility

Insights into the Pudgy Penguins and Lufthansa Partnership

Pudgy Penguins (PENGU) has recently joined forces with the Miles & More program, which is the largest frequent flyer initiative in Europe. This partnership aims to provide added benefits for members of The Huddle, the Pudgy Penguins community. Through this collaboration, users can earn airline miles for every purchase they make on the Pudgy Shop, whether they use PENGU or traditional fiat currency. These miles can be redeemed for flights, travel experiences, and other rewards available from over 300 Miles & More partners.

How to Start Earning Miles

To begin accruing airline miles, users need to follow a simple process:

Register for a Miles & More account.
Create an account on the Pudgy Penguins shop.
Link both accounts through a dedicated pop-up that appears on the Pudgy Shop site.

Once successfully linked, each transaction made on the store will contribute to the user's miles balance.

PENGU Price Analysis

This announcement arrives at a crucial time for PENGU’s price, which is currently hovering at a pivotal level. The price is testing a key confluence zone defined by an ascending trendline and a horizontal support range of approximately $0.0090–$0.0093. Historically, this area has acted as resistance, but it now coincides with a rising trendline that has supported the price's upward trajectory since early April, marking it as a significant technical hurdle.

The price has recently dipped below the 20 Exponential Moving Average (EMA) and rests just above the trendline. Additionally, the 50 Simple Moving Average (SMA) is positioned above the price, acting as a resistance point. The Relative Strength Index (RSI) is near 40, and the Moving Average Convergence Divergence (MACD) has indicated a bearish crossover, with expanding histogram bars that signal increasing downward pressure.

Potential Outcomes

Despite the current bearish indicators, the price's position at this confluence of support offers a reasonable opportunity for a bounce if buyers return to the market. Should the PENGU price rebound from this critical zone, the next key resistance level to monitor would be the recent swing high around $0.013. A breakout above this level would confirm a higher high and suggest the potential continuation of the upward trend. Conversely, if the support fails, the price could decline to around $0.0075, a level that previously served as resistance during March's consolidation phase.