Chainlink Lost 10%; New Reward Program Announced

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

Technical analyses indicate that if the Chainlink token cannot regain $16, the risk of dropping to $14.5 remains. This creates a situation that investors should watch closely.

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