My tank is 36" and i only have one light.If you do have an incline to subscribe to that theory what i would do next to verify it is to move the frag on a low part of the tank but center with the light. Or maybe back to its original place. Give it a week or two and observe for changes. If it is light starvation it will come back.
Btw, how long of a tank you have and how many hydras?