Chainlink Lost 10%; New Reward Program Announced

Chainlink (LINK) dropped by 10% to $15 during intense trading on Monday morning. This decline marks the lowest level since the crash in October.

Technical analyses indicate that if the Chainlink token fails to regain $16, there is a risk of falling to as low as $14.5. This creates a situation that investors need to monitor closely.

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