Chainlink lost 10% in value; a new reward program has been announced.

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

Technical analysis indicates that if the Chainlink token is unable to regain $16, there is a risk of falling to $14.5. This creates a situation that investors need to watch closely.

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.