Why is mirror protocol going down?

Could you please elaborate on the reasons behind the decline of Mirror Protocol? Are there any specific market conditions, technical issues, or regulatory changes that have contributed to this downturn? It would be helpful to understand if there are any fundamental or external factors that are driving the price down, and what investors and traders can expect in the future. Additionally, could you provide any insights into how the project team is addressing these challenges and what steps they are taking to restore confidence in the protocol?