It rose above the $0.40 resistance on September 27, but the long wick on the candlestick shows strong selling at higher levels.
The price has declined towards the 20-day EMA ($0.37). If the price rebounds off the 20-day EMA with strength, the bulls will again attempt to push the ADA/USDT pair above $0.40. If successful, the pair could rally to $0.46. The buyers will have to overcome this hurdle to signal the start of a fresh up-move.
Alternatively, if the price breaks below the 20-day EMA, it will suggest that the pair may extend its stay within the $0.31 to $0.40 range for some more time.
