Chainlink Lost 10% Value; New Reward Program Announced

Chainlink (LINK) dropped 10% to $15 during a surge of activity on Monday morning. This decline marks the lowest level since the collapse in October.

Technical analysis suggests that the Chainlink token risks declining to $14.5 if it fails to regain the $16 level. This situation creates a point of concern for investors.

On the other hand, Chainlink has announced a new rewards program called Rewards Season 1. This program will offer token incentives to users who stake eligible LINK starting next week.