Pat the chicken dry with paper towels, then rub with olive oil.
Mix garlic powder, onion powder, smoked paprika, oregano, salt, and pepper in a small bowl.
Coat the chicken evenly with the seasoning mix.
Place the chicken into the Instant Pot with the air fryer lid.
Set to Air Fry at 375°F for 18 to 22 minutes, flipping halfway through cooking.
Cook until golden brown and crispy, with an internal temperature of 165°F.
Serve hot with fresh lemon wedges.