I just experienced this last night. It was not muted and in fact I could mute and unmute the track but it wouldn't return to "normal." I tried switching from different track views. I had one instance of Izotope Nectar inserted. Tried toggling that on/off, tried bypassing the bin entirely. Nothing worked. I didn't want to remove Nectar because I had it set the way I wanted (in retrospect I could have saved it as a preset and removed it, but I had grown frustrated and wasn't thinking correctly). All the other tracks in the song worked fine, but this one would not play. It's as if it was muted--but I know it wasn't.
I closed the project and re-opened and the track was fine.
I wish I had more to tell you.
EDIT: Win10, 16GB RAM, i7-2700k, Focusrite Saffire Pro 40 w/ OctaPre
EDIT: I also tried muting and unmuting the clip and that didn't work either.