Help with existing belly piercing

hi there, for context I got this 8 years ago. It healed fine but always caused issues when I would sit down, it would push the bar up and be quite uncomfortable. In january I discovered these flat hoops which have helped. I’ve noticed though my piercing still does sit through the top.

Is it rejecting/growing out? When I pull my stomach, I can see this actually isn’t in my naval, but above it. What’s the best move for this? I love it, and find it has made me a lot less insecure of my stomach. I am not sure if I took this out if I could get it re-pierced properly due to the placement of this. Any advice would be great! (Best would be if people could say it looks normal and I don’t need to do anything :D)

The placement being above my naval only bothers me when I lose weight, as it becomes more obvious that it’s off centre and not as low as it should be, but that probably won’t be a future issue!