Yes. Applying coconut oil will help the membrane not shrink wrap the chick. Read this article on assisting with the hach. https://www.backyardchickens.com/articles/guide-to-assisted-hatching-for-all-poultry.72886/
Apply coconut oil to the exposed membrane ( the white part) to see inside. You may need to assist the chick with hatching but make sure that you know what to do. There is a really great article on how to assist here on BYC.