Should I give up on this guy or what?

I met this guy back in June and just connected with him this month. It was going well for a week, we'd flirt and he'd tell me he wanted to cuddle etc, and I asked if he was free over the weekend, he said completely and asked why, I told him I wanted to hang out. He agreed. We spent the next few days making plans, he suggested a resturaunt to go to etc. well the weekend comes and he disappears.

I texted him Saturday letting him know if he didn't want to hang out all he had to do was say so. then didn't hear from him for 5 days or so.

I was freaking out but kept it to myself and made other plans etc focused on other things, then after the few days I get a text from him saying he does want to hang out. I played it cool pretending I didn't notice his absence.

My theory is that he thought I'd meant a DATE date, and got cold feet, but came back when I didn't chase.

We still text every day, but so far he's made no move to ask to hang out. He doesn't flirt either. He holds conversation, asks me questions but that's it.

I even tested it one day and slipped in a comment about him being handsome and he disregarded it and continued the conversation. So I've distanced myself as well. I answer his questions and occasionally offer some of my own, if he texts back I respond if I'm not busy, and don't if I am. Basically I'm trying to be cool. Maybe we're both being too cool.

What do you all think?