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I realise that is has currently gone up, but as of looking at outpost now, a lot have been selling for under the suggested price. I believe that the range should be set down one notch to match this. Links below are proof:
Selling: http://www.tf2outpost.com/trade/22410849 - 3.66 each
Sold (to me): http://www.tf2outpost.com/trade/22785082 - 3.77 each
Selling: http://www.tf2outpost.com/trade/19355307 - 3.88 each
Selling: http://www.tf2outpost.com/trade/22953844 - 3.88 each
Selling: http://www.tf2outpost.com/trade/22945793 - 3.88 each
Selling: http://www.tf2outpost.com/trade/22978095 - 3.88 each
Selling: http://www.tf2outpost.com/trade/22784689 - 3.88 each
Selling: http://www.tf2outpost.com/trade/22976894 - 3.88 each
So though a lot are selling / sold for 3.88, there are ones for cheaper. I believe the price range should be set down from 4 to 3.88 as a lot are selling for 3.88 so why the need to be higher?
Does 4 Ref still sells ? Ask yourself that.
It can sell at 4 ref, but it's selling for lower a lot too. so perhaps the range should be starting from a lower point.