There's multiple issues that can cause any Neo Geo cart to fail. I'm not sure what is the root cause of your failure, but here are some of the causes that I've helped others solve:
1. Bad power supply. Check the 5V rail. I've had 1 customer with almost 6VDC!! I'm surprised he didn't kill his PCBs. He replaced his arcade power supply and things got fixed.
2. Bad contacts. I get that on my Neo Geo after testing so many carts. And I don't mean the cart, but rather the actual Neo Geo PCB connector. Deoxite, paper wrapped on a credit card, ..., so many solutions out there to clean the contacts. This is a very common problem with retro consoles (NES) and Neo Geo.
3. Failing component on the PCB.
4. The PCB itself. I've had cases where some PCBs just don't like any multicart and only work with the simplest Neo Geo carts. The best solution is to test the cart on another Neo Geo PCB. Worst case, grab an MV1C, they're dirt cheap and just work.