| It looks like there is some leaf pleating also which would indicate a bit of underwatering. I'd watch the plant carefully while slightly increasing the water. It just might unstick itself. If not you might be able to GENTLY, GENTLY pull the restricting leaves back but don't do that now if the plant is slightly dehydrated, the spike will be brittle.
After more than 10 years of orchid growing I still get nervous about messing with these things.
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