It's needs are not being met, it's telling you that by the gentle receding taking place. It doesn't look stung at all. It needs either an improvement in nutrients (don't know what you nitrates or phosphates are at--high, normal or low), lights (don't know if it is getting more or less shading because of either other coral growth or reaquascaping) or flow ( don't know if flow is significantly diminished because of other coral growth or if your pumps or power heads need cleaning).
So after checking nitrates and phosphates and confirming your not getting chloramines from your water changes, I'd move your chalice to a different spot where you think light and flow will be more to its liking.
Whatever has changed in your tank, needs to be corrected. Hopefully you are correct about your parameters and you have reasonably confirmed them. Happy corals thrive, this one is obviously diminishing.
Sometimes a coral can be the canary in the mine and other times, it's slow demise is specific to itself. It's difficult to determine what's going on in one's own tank let alone in someone else's tank where one is unfamiliar with their maintenance, testing, and abilities at day to day observation and evaluation. The chalice looks very salvagable, good luck with the problem solving