Chainlink Lost 10% of Its Value; New Reward Program Announced

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

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