As long as it is well aligned, place a small piece of gauze between it and the next larger toe. Then tape the two together to act like a splint..
Cycle to tolerance...
Ice and anti-inflammatories will help with the pain...
Cycling, a mid-stance activity, with little to no bending of the digits should not cause much delay of the healing...
Good luck getting in and out of your cycling shoe...
I hope you do not end up with a hammertoe...