Chainlink Lost 10% Value; New Reward Program Announced

Chainlink (LINK) plummeted 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 the $16 level, there is a continued risk of dropping to $14.5. This creates a situation that investors need to watch carefully.

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