Chainlink (LINK) Price News: 10% Decline Amid Crypto Selloff; Rewards Season 1 Coming

Chainlink's LINK token experienced a significant 10% decline on Monday, reaching its lowest price point since the October 10 flash crash and breaking key support levels. Trading volume spiked by 674% during the sharp drop from $16.21 to $15.02 in under 30 minutes, indicating technical weakness relative to the broader market. Technically, LINK now faces critical support around $15.25, with potential downside risk toward $14.50 if buyers fail to stabilize the price. This selloff occurred despite Chainlink unveiling "Rewards Season 1," a new incentive program launching November 11, which will allow eligible LINK stakers to earn token rewards from nine participating BUILD projects based on prior staking activity.

(Source：CoinDesk)