Wed Apr 14, 2021 2:05 pm
In the Timeline View Options drop-down enable the "Audio Waveforms" button - this is disabled in your screenshot.
Clips with processing applied are usually displayed with a darker shade of the Clip colour.
Click on the Clip and open the Inspector and confirm that Clip Gain (Volume), Pan, Pitch, and Equaliser settings are the defaults and that no Clip-based plugins have been applied.
The Inspector's Additional Options (3 dots) menu provides "Reset All Audio", "Remove All Audio Effects", and "Remove and Reset All" options to return the Clip to its default state.