The crypto market has responded to the SEC’s latest push against crypto staking by lending favor to the bears. Most of the top cryptocurrencies were discounted in the last 24 hours. However, Hedera [HBAR] was among the few that somehow evaded this FUD-induced sell pressure.

The global crypto market cap was down by 4.02% in the last 24 hours, confirming the bearish outcome courtesy of the SEC’s anti-staking sentiments. Meanwhile, HBAR managed a 7.2% rally during the same period.

Thus, HBAR might break above the press time resistance level, especially if the rest of the market recovered.

Hedera has made multiple announcements this week, notably the launch of a new metaverse fund worth $1 million through the AfroFuture DAO.

The fund, which primarily targeted the African market, would onboard more projects onto the Hedera network. It had already launched its first project at the time of writing, which would reportedly allow high-profile artists to take advantage of HBAR NFTs.