Why is IDEX going down?

I'm curious to understand why the value of IDEX has been trending downwards lately. Could it be due to market sentiment shifting towards other more promising decentralized exchanges? Or is it perhaps a result of technical issues or a lack of liquidity on the platform? I'm also wondering if regulatory concerns or changes in the broader cryptocurrency market have had an impact on IDEX's performance. Ultimately, I'm seeking insight into the potential factors driving this decline and how investors can navigate this challenging market environment.