diff --git a/src/components/ui/toolbox.ts b/src/components/ui/toolbox.ts
index dabaa7aa5..142410439 100644
--- a/src/components/ui/toolbox.ts
+++ b/src/components/ui/toolbox.ts
@@ -100,6 +100,7 @@ export default class Toolbox extends EventsDispatcher<ToolboxEvent> {
   private static get CSS(): { [name: string]: string } {
     return {
       toolbox: 'ce-toolbox',
+      toolboxOpenedTop: 'ce-toolbox--opened-top',
     };
   }
 
@@ -198,8 +199,15 @@ export default class Toolbox extends EventsDispatcher<ToolboxEvent> {
       return;
     }
 
-    this.popover.show();
+    /**
+     * Open popover top if there is not enought available space below it
+     */
+    if (!this.shouldOpenPopoverBottom) {
+      this.nodes.toolbox.style.setProperty('--popover-height', this.popover.calculateHeight() + 'px');
+      this.nodes.toolbox.classList.add(Toolbox.CSS.toolboxOpenedTop);
+    }
 
+    this.popover.show();
     this.opened = true;
     this.emit(ToolboxEvent.Opened);
   }
@@ -209,8 +217,8 @@ export default class Toolbox extends EventsDispatcher<ToolboxEvent> {
    */
   public close(): void {
     this.popover.hide();
-
     this.opened = false;
+    this.nodes.toolbox.classList.remove(Toolbox.CSS.toolboxOpenedTop);
     this.emit(ToolboxEvent.Closed);
   }
 
@@ -225,6 +233,21 @@ export default class Toolbox extends EventsDispatcher<ToolboxEvent> {
     }
   }
 
+  /**
+   * Checks if there popover should be opened downwards.
+   * It happens in case there is enough space below or not enough space above
+   */
+  private get shouldOpenPopoverBottom(): boolean {
+    const toolboxRect = this.nodes.toolbox.getBoundingClientRect();
+    const editorElementRect = this.api.ui.nodes.redactor.getBoundingClientRect();
+    const popoverHeight = this.popover.calculateHeight();
+    const popoverPotentialBottomEdge = toolboxRect.top + popoverHeight;
+    const popoverPotentialTopEdge = toolboxRect.top - popoverHeight;
+    const bottomEdgeForComparison = Math.min(window.innerHeight, editorElementRect.bottom);
+
+    return popoverPotentialTopEdge < editorElementRect.top || popoverPotentialBottomEdge <= bottomEdgeForComparison;
+  }
+
   /**
    * Handles overlay click
    */
diff --git a/src/components/utils/popover.ts b/src/components/utils/popover.ts
index d08f9400e..a5de51dd5 100644
--- a/src/components/utils/popover.ts
+++ b/src/components/utils/popover.ts
@@ -3,7 +3,7 @@ import Listeners from './listeners';
 import Flipper from '../flipper';
 import SearchInput from './search-input';
 import EventsDispatcher from './events';
-import { isMobileScreen, keyCodes } from '../utils';
+import { isMobileScreen, keyCodes, cacheable } from '../utils';
 
 /**
  * Describe parameters for rendering the single item of Popover
@@ -216,6 +216,26 @@ export default class Popover extends EventsDispatcher<PopoverEvent> {
     return this.flipper.hasFocus();
   }
 
+  /**
+   * Helps to calculate height of popover while it is not displayed on screen.
+   * Renders invisible clone of popover to get actual height.
+   */
+  @cacheable
+  public calculateHeight(): number {
+    let height = 0;
+    const popoverClone = this.nodes.popover.cloneNode(true) as HTMLElement;
+
+    popoverClone.style.visibility = 'hidden';
+    popoverClone.style.position = 'absolute';
+    popoverClone.style.top = '-1000px';
+    popoverClone.classList.add(Popover.CSS.popoverOpened);
+    document.body.appendChild(popoverClone);
+    height = popoverClone.offsetHeight;
+    popoverClone.remove();
+
+    return height;
+  }
+
   /**
    * Makes the UI
    */
diff --git a/src/styles/toolbox.css b/src/styles/toolbox.css
index d933d8c46..d8b602100 100644
--- a/src/styles/toolbox.css
+++ b/src/styles/toolbox.css
@@ -1,8 +1,14 @@
 .ce-toolbox {
+  --gap: 8px;
+
   @media (--not-mobile){
     position: absolute;
-    top: var(--toolbar-buttons-size);
+    top: calc(var(--toolbox-buttons-size) + var(--gap));
     left: 0;
+
+    &--opened-top {
+      top: calc(-1 * (var(--gap) + var(--popover-height)));
+    }
   }
 }