What does the protection super effect do? I am wondering if this lowers Peach's health when enemies hit someone not Peach because of protection because I see Valkyries use it and there health for both valkyries lower.
According to Reno Gazette Journal, (Google publicly known as RGJ), here is what Princess Peach's Protection ability can do:
Protection: Princess Peach ain’t all about attacking. This skill splits damage and distributes it among team members so the original target of an attack doesn’t have to bear its brunt solo.
In short words, Princess Peach's protection ability lowers damage from enemy attacks.