Pay preference

I applied to a job in my field that listed the pay band topping at $40, however my preferred hourly pay is $65.

I was given in my profile as expirenced and a C1 soft skill.

I then got an email saying I was under client review and a Micro1 recruiter viewed my LinkedIn profile.

What happens when a requested pay doesn't match the project pay? Does it lower the chances of being picked up or do they negotiate if the client wants the person?

TIA!