User blog comment:ILuvAnime/Fairy Tail continue after episode 175/@comment-205.250.255.129-20130711212655

Fairy Tail will continue. The creator stated on his twitter that he has begun working on the sequel of the anime. Fairy Tail will continue!

Quote from the creator:

"FAIRY TAILテレビアニメ新シリーズ(続き)決定しました. みなさんのたくさんの応援のおかげです. ありがとうございます. "

Which translated says: FAIRY TAIL anime new series I (continued) decision. It is thanks to the support of many of you. Thank you.

So Fairy Tail will continue!