Is there an interpretation of the 12 nidanas that occurs just over one lifetime?

Is there an interpretation of the 12 nidanas (shown on the outside of the wheel below) that is compatible with a lack of belief in rebirth. For instance in the 12 nidanas there are the links > Becoming -> Birth -> Aging and Death So even though this explicitly names rebirth is there an interpretation of the cycle that occurs just over one lifetime (or reoccurs many times over one life). Or are the concepts of the nidanas so bound up with rebirth that they have no value or sense to practioners who are more agnostic about this.