Chainlink Lost 10%; New Reward Program Announced

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

Technical analyses indicate that if the Chainlink token fails to regain $16, there is a risk of a decline to $14.5. This situation creates a point of concern for investors that should be monitored closely.

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