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Setting a new price!
Classifieds:
http://backpack.tf/classifieds/search/id/527056ed4dd7b8ba3d8b4567
Sellers:
http://www.tf2outpost.com/trade/15479763 3.33 Ref
http://www.tf2outpost.com/trade/15372239 3 Ref Selling two.
http://www.tf2outpost.com/trade/15517287 3 Ref
http://www.tf2outpost.com/trade/15431717 4 Ref
http://www.tf2outpost.com/trade/15447466 3 Ref
http://www.tf2outpost.com/trade/15427636 3 Ref
http://www.tf2outpost.com/trade/15382945 5 Ref
http://www.tf2outpost.com/trade/15496113 3 Ref
http://www.tf2outpost.com/trade/15472385 4 Ref
http://www.tf2outpost.com/trade/15432057 4 Ref
http://www.tf2outpost.com/trade/15388883 3 Ref
http://www.tf2outpost.com/trade/15352103 3 Ref
I think 2 Ref is a quicksell there are only a couple.
Unsold above 5 Ref:
http://www.tf2outpost.com/trade/15501201 1 Key/ 1 Day
http://www.tf2outpost.com/trade/15479539 1 Key/ 1 Day
http://www.tf2outpost.com/trade/15479857 1.2 Keys/ 2 Days
http://www.tf2outpost.com/trade/15474870 1 Spooky Key/ 3 Days
http://www.tf2outpost.com/trade/15401180 1.5 Keys/ 5 Days
http://www.tf2outpost.com/trade/15387784 1 Key/ 6 Days
http://www.tf2outpost.com/trade/15380036 1 Key/ 6 Days
http://www.tf2outpost.com/trade/15367206 1 Key/ 1 Week
http://www.tf2outpost.com/trade/15354018 1 Key/ 1 Week
http://www.tf2outpost.com/trade/15360869 1 Key/ 1 Week
Solds:
http://www.tf2outpost.com/trade/15514008 3.33 Ref
http://www.tf2outpost.com/trade/15507225 5 Ref
All I have so far :(
Feel free to counter/agree with proof.
Selling =/= Sold. You need actual sales, the 2 you provided aren't enough. Downvote for now.
Your sale at 5 didn't really sell at 5 - http://www.tf2outpost.com/trade/15524491
He remade his sale and sold for an unknown amount. Honestly, even 3 ref looks tough. The range looks too high.
I like the price, but sadly not enough good proof, downvote for now.
More selling:
http://www.tf2outpost.com/trade/15431717 4 Ref
http://www.tf2outpost.com/trade/15422261 4 Ref
http://www.tf2outpost.com/trade/15492819 5 Ref
http://www.tf2outpost.com/trade/15358027 Added someone for Haunted Second Opinion (3-4 Ref)
http://www.tf2outpost.com/trade/15447466 3 Ref
http://www.tf2outpost.com/trade/15496113 3 Ref
http://www.tf2outpost.com/trade/15432057 4 Ref
More unsolds:
http://www.tf2outpost.com/trade/15529500 6 Ref/ 18 Hours
http://www.tf2outpost.com/trade/15466096 2 Keys/ 3 Days
http://www.tf2outpost.com/trade/15370526 1 Spooky Key/ 1 Week
You can't use selling as proof for a hat that doesn't have a price. You need solds. All your unsolds at 3 just show that your suggested range is probably too high.