Pudgy Penguins announced that the Token can accumulate airline mileage points, analysts believe that the PENGU price is in the support range.

Pudgy Penguins announced on X a collaboration with Europe’s largest airline group (Lufthansa) for the Miles & More travel mileage rewards program, further promoting the application scenarios of PENGU coin. Through this collaboration, users can accumulate mileage points in the Miles & More program after shopping in the Pudgy Shop using PENGU or fiat. These accumulated points can be redeemed for flights, travel, and other rewards. Miles & More is a loyalty points accumulation program for frequent travelers, allowing you to accumulate Miles & More points when you spend at Pudgy Shop.

The groundbreaking cross-industry collaboration means that PENGU has officially entered the mainstream traditional travel industry, expanding the payment application scenarios of the Pengu coin PENGU into a brand new market. Miles & More is the largest travel rewards website in Europe, with over 300 partners, including airlines, hotels, car rentals, and everyday products. Holders of Pudgy Penguins tokens can use their tokens to participate in the global travel rewards program.

If users want to earn mileage rewards through the Pudgy Shop, they must first register for a Miles & More account and create an account on the Pudgy Penguins platform. Then, they need to link both accounts, and every transaction completed in the store will automatically count towards the bonus points accumulation rewards program in their Miles & More account.

Analysts believe that the PENGU price is in a support range.

Analysts indicate that PENGU is currently positioned at a support area, which is formed by the ascending trend line established since April and the horizontal support level between 0.0090 and 0.0093 dollars. This range has previously served as a key point for price reversals multiple times.

Despite the recent drop in price below the 20-day Exponential Moving Average (EMA), and currently still below the 50-day Simple Moving Average (SMA), technical indicators such as RSI approaching 40, and MACD showing a death cross accompanied by an expanding histogram, all indicate that downward pressure in the market continues to exist. However, since the price remains above the aforementioned confluence support, if buying pressure enters at this point, there is a chance for a short-term rebound.

If the price holds above the support area and breaks through the recent high of $0.013, it will form a higher high, potentially driving further upward momentum. Conversely, if it falls below the converging support area, the next potential support level will drop to $0.0075, where there was stage pressure formed in March, which also has reference value.

The collaboration between Pudgy Penguins and Miles & More is not only a business expansion but can also be seen as a new development in the integration of Web 3 with traditional industries.

Miles & More adds more value to PENGU, providing community participants with an additional layer of real-world value returns beyond digital assets. The PENGU token issued by Pudgy Penguins not only serves investment purposes but also empowers travel enthusiasts, making it an attractive incentive for young travelers. Pure market observation, not investment advice.

This article announces that Pudgy Penguins tokens can accumulate airline mileage points. Analysts believe that the PENGU price is in a support range, first appearing in Chain News ABMedia.