What is a good word to use for when something is rapidly decreasing or lowering?

We say something is sky rocketing when it's rapidly increasing like a rate or level, so what about if something is being depleted? I have to sleep and Google won't tell me, so I'm leaving this in your hands. NO PRESSURE

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TexChik · F

Diminish : to become or cause to be less.
Diminishing

Synonyms: abate, abbreviate, attenuate, become smaller, close, contract, curtail, cut, decline, decrease, depreciate, die out, drain, dwindle, ebb, extenuate, fade away, lessen, lower, minify, moderate, peter out, recede, reduce, retrench, shrink, shrivel, slacken, subside, taper, temper, wane, weaken

😊

AngelPassion · 26-30, F

@TexChik thanks 😊