So, over the last 24 hours we've gone from normal to this:
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The normal "fluffy" outer edge is pinched, and the mouth is gaping. Color has darkened up a fair amount, opposite of what I would have expected.
So, experts, am I right? And if so, anything to try to save it? I have no clue what to do to try to save this coral. And if it continues to degrade, at what point do I throw in the towel and pull it out of the tank?

The normal "fluffy" outer edge is pinched, and the mouth is gaping. Color has darkened up a fair amount, opposite of what I would have expected.
So, experts, am I right? And if so, anything to try to save it? I have no clue what to do to try to save this coral. And if it continues to degrade, at what point do I throw in the towel and pull it out of the tank?